Sharon AI Inks $1.32B Cloud Deal with Global AI Lab, Deploying in New Zealand
SHAZ has more than doubled off its 52-week low of $16.55.
Summary
Sharon AI signed a $1.32 billion, five-year cloud computing contract with a global AI lab, deploying GPU infrastructure in New Zealand. Revenue is expected to begin in Q1–Q2 2027. This follows a $950 million cloud deal announced in May 2026 and a $1.6 billion financing round closed in June. The company now has 116MW of its 132MW AI factory capacity contracted, with plans to deploy over 62,000 NVIDIA GPUs by mid-2027. The deal significantly expands Sharon AI's contracted backlog and validates demand for its AI infrastructure, though execution and capital deployment remain key risks.
At the time of this announcement, SHAZ was trading at $72.94 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.5B. The 52-week trading range was $16.55 to $97.48. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Wiseek News.