Sharon AI Holdings Inc. (NASDAQ: SHAZ) has entered into a five-year cloud computing service agreement with an unnamed global artificial intelligence platform, with a total contract value of $373 million, according to a press release from the company.

Under the agreement, Sharon AI expects to deploy cloud computing solutions across its AI infrastructure in Australia, with revenue expected to commence in the first quarter of 2027.

The initial deployment is expected to utilize 2,048 Nvidia Blackwell Ultra B300 GPUs, with additional deployments possible over the term of the agreement based on customer requirements.

Following the agreement, Sharon AI's total AI Factory capacity remains at 132 megawatts, with 120 megawatts now contracted to end customers. The company also plans to upgrade its GPU count from 62,000 to 64,000 Nvidia GPUs across its AI Factory platform by mid-2027.

James Manning, co-founder and chief executive officer of Sharon AI, said the agreement "represents an important milestone in the continued expansion of Sharon AI's customer base and contracted AI infrastructure capacity."

Sharon AI is incorporated in Australia and lists on the Nasdaq exchange under the ticker SHAZ.