Sharon AI (SHAZ) announced its second-quarter 2026 results, highlighted by significant new customer contracts that increased its total contract value (TCV) to approximately $8.8 billion. The company entered into a landmark $4.9 billion, six-year strategic collaboration with NVIDIA to acquire up to 40,000 GPUs. This is part of a broader expansion that includes increasing its AI Factory capacity and securing several other multi-year, take-or-pay contracts.
Key Details
- Strategic NVIDIA Collaboration: Entered a $4.9 billion, six-year agreement with NVIDIA for up to 40,000 GB300 GPUs.
- New Customer Contracts: Secured multiple new take-or-pay contracts, including a $1.32 billion deal with a global AI lab and a $950 million deal with a global technology company, contributing to the $8.8 billion TCV.
- Q2 2026 Financials: Reported revenue of $1.9 million (+412% YoY) and Adjusted EBITDA of $0.6 million. Net loss was $(430.4) million, primarily due to a $400.4 million non-cash fair value loss on convertible notes.
- Capacity & Expansion: Increased total secured AI Factory capacity to 212MW, with plans to deploy over 64,000 NVIDIA GPUs by mid-2027 to support its growth in the Asia-Pacific region.