Business
Sharon AI Signs Definitive and Binding Buy-Out Agreement to Divest and Closes its Divestiture of its 50% Ownership Interest in Texas Critical Data Centers LLC For US$70m
NEW YORK, January 18, 2026--SharonAI Holdings Inc. and its subsidiaries ("Sharon AI"), a leading Australian Neocloud (SHAZ:OTC Markets, SHAZW:OTC Markets), today announced that it has entered into a definitive agreement to sell its 50% ownership interest in Texas Critical Data Centers LLC ("TCDC") to New Era Energy & Digital, Inc. (Nasdaq: NUAI) ("New Era"), as previously announced on Dec. 23, 2025, and has closed and consummated the sale.
About this update from Sharonai Holdings, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":300,"url":"https://media.zenfs.com/en/business-wire.com/7a751594a70d34a2bf1337674b1fae98"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/DBDCxOyv1rKHV6XuQLzUww--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTQyMDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/7a751594a70d34a2bf1337674b1fae98","width":300,"height":300}},"lazy":false},{"type":"text","content":"NEW YORK, January 18, 2026--(BUSINESS WIRE)--SharonAI Holdings Inc. and its subsidiaries ("Sharon AI"), a leading Australian Neocloud (SHAZ:OTC Markets, SHAZW:OTC Markets), today announced that it has entered into a definitive agreement to sell its 50% ownership interest in Texas Critical Data Centers LLC ("TCDC") to New Era Energy & Digital, Inc. (Nasdaq: NUAI) ("New Era"), as previously announced on Dec. 23, 2025, and has closed and consummated the sale.","length":494,"tagName":"p"},{"type":"text","content":"New Era has acquired 100% of the issued and outstanding membership interests of TCDC and Sharon AI has no continuing ownership interest, governance rights, or control provisions with respect to the project.","length":206,"tagName":"p"},{"type":"text","content":"The consideration New Era will pay Sharon AI will be an aggregate of US$70m and is comprised of a US$50m Senior Secured Convertible Promissory Note, US$10m in Cash and US$10m in Equity. For further details, please revisit our earlier announcement from December 23rd, 2025 (read here).","length":284,"tagName":"p"},{"type":"text","content":"The sale of Sharon AI’s interest in TCDC is expected to facilitate further investment in Sharon AI’s core Neocloud operations, bringing high performance compute to market, at scale, for its hyperscale, research, enterprise and government customers alike. This US$70m in expected proceeds follow the recent approximately US$100m Convertible Note capital raising by Sharon AI.","length":374,"tagName":"p"},{"type":"text","content":""We are pleased to have executed the sale of our position in TCDC. I would like to thank the New Era team for working diligently and wish them the best of luck as they move into the development phase of this project. This transaction represents a natural inflection point for S...