DealsMay 14, 2026, 09:16 AM
Sharon AI Secures $950M Five-Year Cloud Infrastructure Deal
AI Summary
SharonAI Holdings Inc. announced a significant five-year cloud computing infrastructure agreement, valued at approximately US$950 million, with a global technology company. Under the contract, Sharon AI will deploy cloud computing solutions across multiple NEXTDC data centers in Australia, utilizing the Vast Data AI Operating System. Revenue from this agreement is expected to commence by the end of the third and fourth quarters of 2026, further expanding the company's AI Cloud business in Australia and Asia-Pacific.
Key Highlights
- Sharon AI secured a five-year cloud computing infrastructure agreement valued at approximately US$950 million.
- The agreement is with a global technology company with a major Asia-Pacific presence.
- Sharon AI will deploy cloud computing solutions across multiple NEXTDC data centers in Australia.
- Revenue from the contract is expected to commence by the end of Q3 and Q4 2026.
- The solutions will utilize the Vast Data AI Operating System for efficient workloads.
- The deal expands Sharon AI's AI Cloud business in Australia and Asia-Pacific.