DealsJul 16, 2026, 08:22 AM
Sharon AI Secures $1.32B Five-Year Cloud Computing Deal
AI Summary
Sharon AI Holdings Inc. announced a significant cloud computing service agreement with a global AI Lab, valued at US$1.32 billion over five years. Under the terms, Sharon AI will deploy cloud computing solutions across data center infrastructure in New Zealand, with revenue expected to begin in the first and second quarters of 2027. This deal highlights the company's expanding capacity, with 116MW of its 132MW AI Factory capacity already contracted and over 62,000 NVIDIA GPUs slated for deployment by mid-2027.
Key Highlights
- Secured a cloud computing service agreement valued at US$1.32 billion over five years.
- The agreement is with a global Artificial Intelligence (AI) Lab.
- Sharon AI will deploy cloud computing solutions in New Zealand data centers.
- Revenue from the contract is expected to commence in Q1 and Q2 2027.
- Total AI Factory capacity is 132MW, with 116MW already contracted to customers.
- More than 62,000 NVIDIA GPUs are expected to be deployed by mid-2027.
Price Impact
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