SharonAI : Sharon AI Reports Second Quarter 2026 Results

About this update from Sharonai Holdings, Inc.

Total contract value reaches ~$8.8bn Six-year strategic NVIDIA compute collaboration Secured AI Factory capacity increases by 80MW to 212MW NEW YORK, August 6, 2026 - Sharon AI Holdings Inc. (NASDAQ: SHAZ) and its subsidiaries ("Sharon AI" or "the Company"), a leading Australian Neocloud, today reported its financial and operational results for the second quarter ended June 30, 2026. All amounts are in U.S. dollars unless otherwise indicated. Second Quarter 2026 Highlights Customer Momentum $4.9bn, six-year strategic compute collaboration with NVIDIA for up to 40,000 GB300 GPUs $950m, five-year, take-or-pay contract with a global technology company with major Asia-pacific presence Capacity and Platform Expanded VAST Data partnership: 600PB VAST AI Operating System deployed as the foundational data layer, sized to support ~100,000 GPUs Targeting 64,000+ NVIDIA GPUs deployed by mid 2027 Balance Sheet and Capital Well funded for the near-term build-out following the $1.6bn oversubscribed private placement, $350m convertible notes offering, and the accelerated receipt of $74m in proceeds from the divestment of Texas Critical Data Centers ("TCDC") Leadership and Governance Appointed Anuj Goel as Chief Financial Officer and Melissa Anastasiou as Chief Legal Officer Appointed Andrew Penn AO as Non-Executive Chairman Second Quarter 2026 Financial Results Revenue: $1.9m, an increase of 412% from 2Q 2025 Net income (loss): $(430.4m1), compared to $(2.6m) in 2Q 2025 Included non-cash items totaling $423.8m, primarily reflecting a $400.4m fair value gain on convertible notes resulting from share price appreciation Adjusted EBITDA: $0.6m, compared to $(1.7m) in 2Q 2025 Cash and cash equivalents: $1.9bn at June 30, 2026 Total Contract Value ("TCV"): $8.8bn as of August 6, 2026 Management Commentary "In the second quarter, we established the commercial, infrastructure, and capital foundations for Sharon AI's next phase of growth at scale," said James Manning, Co-Founder and Chief Executive Officer of Sharon AI. "Customer engagement continues to broaden and deepen, reflecting strong demand for secure, high-performance AI infrastructure and a growing recognition that access to power, compute and data sovereignty will be critical constraints as AI adoption accelerates. "Our focus is on converting that demand and our contracted commitments into durable revenue growth and long-term shareholder value through disciplined execution. We are on track to bring contracted capacity online in accordance with our deployment schedule, while maintaining a thoughtful approach to capital allocation and pace of expansion. Revenue is expected to ramp materially from the third quarter of 2026 through 2027. With an experienced leadership team backed by deep technical and operating expertise across the business, a best-in-class partner ecosystem and a strengthened balance sheet, we believe Sharon AI is well positioned to become a leading sovereign AI infrastructure platform across Australia, New Zealand, and the broader Asia-Pacific region." Subsequent Highlights In the third quarter 2026 to-date, the Company has announced: $1.32bn, five-year, take-or-pay contract with a global AI lab, anchoring Sharon AI's expansion to New Zealand Additional 80MW of capacity, bringing total capacity to 212MW, for deployment in 2026 and 2027, underpinned by a growing pipeline of additional capacity $373m, five-year, take-or-pay contract with a global AI platform for a deployment of 2048 NVIDIA B300 GPUs 2Q 2026 Results Conference Call & Webcast Date & Time: Thursday, August 6, 2026, 4:30 p.m. ET Webcast: Use this link U.S. Dial-in: 888-506-0062 International Dial-in: +1-973-528-0011 Conference ID: 376509 A replay of the webcast will be available at sharonai.com/investors following the event. About Sharon AI Sharon AI (NASDAQ: SHAZ) is a leading Australian neocloud expanding access to artificial intelligence through trusted, secure and sovereign AI infrastructure. Through its AI Factory platform and colocation partners, Sharon AI enables organisations across Australia, New Zealand, and globally via export tokens to confidently build, train and deploy AI at scale. For more information, visit https://www.sharonai.com . Disclosure Information Sharon 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 account (sharon-AI) to disseminate information about the Company, and can be additional sources of information outside press releases, regulatory filings with the SEC and any other conference calls, webcasts, investor days, etc. that the company may hold. Forward-Looking Statements This press release may contain, and our officers and representatives may from time to time make, "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, which are not historical facts, and which are not assurances of future performance. Forward-looking statements are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. In some cases you can identify these statements by forward-looking words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "could," "should," "would," "project," "strategy," "plan," "expect," "goal," "seek," "future," "likely" or the negative or plural of these words or similar expressions or references to future periods. Forward-looking statements in this release include specific statements regarding the intended use of proceeds. Examples of such forward-looking statements include but are not limited to express or implied statements regarding Sharon AI's management team's expectations, hopes, beliefs, intentions or strategies regarding the future including, without limitation, statements regarding: Service and product offerings; Receipt and use of proceeds; The deployment of assets and expansion of network procurement; Sharon AI's ability to engage with additional potential customers; Expansion of Sharon AI's data center footprint and capacity; and The strengthening of Sharon AI's partner network. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. You are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those set forth in these forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause actual results to differ materially from these forward-looking statements include, among others, all of the risks described in the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K filed with the SEC and other reports subsequently filed with the SEC. Additional assumptions, risks and uncertainties are described in detail in our registration statements, reports and other filings with the SEC, which are available at https://www.sec.gov . The forward-looking statements and other information contained in this news release are made as of the date hereof and Sharon AI does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Contacts Media [email protected] Investors [email protected]

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