Sharon AI signs $950 million cloud infrastructure deal over five years
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Sharon AI Announces Five-Year Cloud Computing Infrastructure Agreement
May 14, 2026 8:38 AM EDTNEW YORK--(BUSINESS WIRE)-- Today, SharonAI Holdings Inc. (NASDAQ: SHAZ) and its subsidiaries (Sharon AI or the Company), a leading Australian Neocloud, announced the signing of a cloud computing infrastructure agreement with a global technology company with major Asia-pacific presence, valued at approximately US$950 million over five years.
Under the terms of the contract, Sharon AI expects to deploy cloud computing solutions across multiple NEXTDC data centers in Australia, with revenue expected to commence by the end of each of the third quarter and fourth quarter of 2026.
These solutions are expected to... More
