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Sharon AI Announces Five-Year Cloud Computing Infrastructure Agreement
NEW YORK--(BUSINESS WIRE)-- Today, SharonAI Holdings Inc. (NASDAQ:SHAZ) and its subsidiaries (“Sharon AI” or “the Company”), a leading Australian Neocloud,
About this update from Sharonai Holdings, Inc.
[{"type":"text","content":" NEW YORK--(BUSINESS WIRE)--\nToday, SharonAI Holdings Inc. (NASDAQ:SHAZ) and its subsidiaries (“Sharon AI” or “the Company”), a leading Australian Neocloud, announced the signing of a cloud computing infrastructure agreement with a global technology company with major Asia-pacific presence, valued at approximately US$950 million over five years.\n\n\nUnder the terms of the contract, Sharon AI expects to deploy cloud computing solutions across multiple NEXTDC data centers in Australia, with revenue expected to commence by the end of each of the third quarter and fourth quarter of 2026.\n\n\nThese solutions are expected to utilize the Vast Data AI Operating System, unifying storage, database, compute and real-time processing into a single system. The Vast Data architecture collapses traditionally separate layers of the stack, which should enable Sharon AI’s customers to perform workloads more efficiently.\n\n\nJames Manning, Co-Founder and CEO, Sharon AI said, “We are thrilled to continue to expand our AI Cloud business, building and deploying the latest cloud computing infrastructure in Australia with NEXTDC and Vast Data. This contract follows on from our previously announced agreements in the region, and our customer pipeline continues to grow. We continue to see strong demand across enterprise, hyperscale, research and AI native sectors throughout Australia and Asia-Pacific.”\n\n\nDavid Dzienciol, Chief Customer Officer & Chief Commercial Officer, NEXTDC said, “We are pleased to strengthen our partnership with Sharon AI, and to see compute infrastructure deployed across our facilities in Australia.”\n\n\nSunil Chavan, Vice-President Asia-Pac & Japan, Vast Data said, “These deployments require more than accelerated compute; they demand a reliable data foundation that can support their workloads. That is the role the VAST AI Operating System was designed to play, and we look forward to continuing to support Sharon AI as it expands across the region.”\n\n\nDisclosure Information\n\n\nSharon AI primarily uses its Investor Relations page (https://sharonai.com/investors/) to disclose material non-public information and to comply with its disclosure obligations under Regulation FD. The Company also notes that, at times, it uses other communication mediums including, but not limited to, its X account (sharon__ai) and/or LinkedIn acco...