SharonAI signs $1.32B five-year cloud computing deal in New Zealand

SharonAI Holdings Inc. (NASDAQ: SHAZ) has signed a cloud computing service agreement valued at $1.32 billion over five years with an unnamed global artificial intelligence lab, according to a press release from the company.

Under the agreement, Sharon AI plans to deploy cloud computing solutions across data center infrastructure in New Zealand. Revenue from the contract is expected to begin in the first and second quarters of 2027.

The company states its total AI Factory capacity stands at 132 megawatts, of which 116 megawatts is contracted to end customers. Sharon AI expects to deploy more than 62,000 Nvidia GPUs by mid-2027.

James Manning, co-founder and CEO of Sharon AI, said, "We are excited to be deploying our first AI Factory in New Zealand. The established data center infrastructure and future growth potential in country provide Sharon AI with a strong foundation for future expansion."

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