en.Wedoany.com Reported - SharonAI Holdings Inc. (NASDAQ:SHAZ), an Australian AI cloud service provider, announced on July 16, 2026, that it has signed a five-year cloud computing service agreement worth a total of $1.32 billion with a global artificial intelligence laboratory. Under the agreement, the company will deploy cloud computing solutions at its data center in New Zealand, with related revenue expected to be recognized from the first to the second quarter of 2027.

Sharon AI is an Australian-based "Neocloud" service provider, a high-performance computing company specializing in artificial intelligence and cloud-based GPU/CPU computing infrastructure. The company completed its listing on the Nasdaq Capital Market in February 2026, raising $125 million through its IPO. Its core AI cloud platform business revolves around accelerating the construction of AI factories and sovereign AI solutions, positioning it as Australia's leading Neocloud operator in the industry.

Sharon AI stated that its AI Factory currently has a total capacity of 132 megawatts, of which 116 megawatts have been contracted to end customers. The company expects to deploy over 62,000 NVIDIA GPUs by mid-2027. James Manning, co-founder and CEO of Sharon AI, expressed excitement about deploying the first AI factory in New Zealand, noting that the established data center infrastructure and future growth potential in the region provide a solid foundation for the company's further expansion.

Prior to this agreement, Sharon AI had already made several strategic moves. In June 2026, the company completed a $1.6 billion strategic financing round led by institutions such as Oaktree Capital Management, aimed at supporting a previously signed six-year computing power cooperation agreement with NVIDIA—which plans to deploy up to 40,000 Grace Blackwell GB300 GPUs in Australia. Additionally, the company has entered into a strategic investment partnership of up to $200 million with Digital Alpha and established a technology partnership with Cisco.

Sharon AI noted that it continues to see strong demand for GPU computing power from enterprises, governments, hyperscale customers, AI-native companies, and research institutions. The signing of this $1.32 billion agreement further solidifies Sharon AI's market position in the AI infrastructure services sector in the Asia-Pacific region, providing significant support for its business expansion in New Zealand and beyond.