SharonAI signs $1.32B five-year cloud computing deal in New Zealand
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/23/2026
- Wall St falls as tech earnings spark AI spending worries; oil hits $100
- Google increases capex forecast again after cloud-driven quarterly beat
- As Musk pivots beyond cars, Tesla’s autos engine is under strain
- RTX stock jumps as company lifts guidance after Q2 beat
- Dollar hits new 40-year high versus yen, euro lower after ECB decision
Sharon AI Announces US$1.32 Billion Five-Year Cloud Computing Service Agreement
July 16, 2026 8:10 AM EDTNEW YORK--(BUSINESS WIRE)-- SharonAI Holdings Inc. (NASDAQ: SHAZ) and its subsidiaries (Sharon AI or the Company), a leading Australian Neocloud, today announced the signing of a cloud computing service agreement with a global Artificial Intelligence (AI) Lab, valued at US$1.32 billion over five years.
Under the terms of the contract, Sharon AI expects to deploy cloud computing solutions across data center infrastructure in New Zealand, with revenue from the contract expected to commence across the first and second quarter of 2027.
Sharon AIs total AI Factory capacity is 132MW, of which 116MW is... More
