SHAZ Completes Initial Deployment of $950M AI Cloud Infrastructure Contract

SharonAI Holdings Inc. announced the successful delivery and customer acceptance of the initial phase of an AI Cloud deployment for a major global technology company. This milestone is part of a five-year infrastructure agreement and signifies progress in bringing the company's contracted AI capacity online.

Key Details

• Agreement Value: The five-year AI Cloud agreement has a total initial contract value of approximately US$950 million.
• Milestone Achieved: Customer acceptance completes a key milestone, triggering the release of an unspecified amount of cash security held in escrow.
• Revenue Recognition: Revenue from the contract is expected to begin in stages throughout the third and fourth quarters of 2026.
• Future Deployments: This is the first of a series of NVIDIA GPU cluster deployments planned for the customer in the coming months across multiple Australian data centers.