Why did Sharon AI (NASDAQ:SHAZ) enter into the A$529 million cloud computing agreement?

Sharon AI (NASDAQ:SHAZ) secured the $529 million contract to deliver cloud computing services from Australia to an undisclosed international artificial intelligence group.

What are the key financial terms of the new Sharon AI (NASDAQ:SHAZ) agreement?

Sharon AI (NASDAQ:SHAZ) signed a five-year contract valued at $529 million. This transaction follows a US$1.32 billion five-year deal signed last month to deliver computing services in New Zealand.

How is Sharon AI (NASDAQ:SHAZ) powering its cloud computing infrastructure?

Sharon AI (NASDAQ:SHAZ) will supply Australian cloud computing services using hardware chips sourced from US technology giant Nvidia. The infrastructure deployment is structured to support high-performance artificial intelligence workloads across the region.

What does the ASX listing timeline look like for Sharon AI (NASDAQ:SHAZ)?

Sharon AI (NASDAQ:SHAZ) is currently preparing to list its shares on the Australian Securities Exchange. The business is scheduled to release its second-quarter financial results on Friday.

How does Sharon AI (NASDAQ:SHAZ) view regional Asia-Pacific market demand?

Sharon AI (NASDAQ:SHAZ) stated that demand for artificial intelligence infrastructure remains strong across Australia and the Asia-Pacific region. The company is expanding its operations in Australia and New Zealand to address this growing regional market.

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Sharon AI secures $529M cloud agreement

Written by Heidi Cuthbert Published Aug 5, 2026, 2:44 AM

Sharon AI has secured a $529 million cloud computing contract with an undisclosed international artificial intelligence group.
The five-year agreement strengthens service capacity as the business prepares to list on the Australian Securities Exchange.
Expanding regional demand for artificial intelligence infrastructure and Nvidia processing hardware is driving company contract growth.

Sharon AI (NASDAQ:SHAZ) secured a $529 million cloud computing deal with an unnamed international artificial intelligence group.

This agreement follows a US$1.32 billion five-year deal signed last month for computing services in New Zealand.

"We continue to see strong demand for AI infrastructure in Australia," said Sharon AI CEO James Manning.

Under the five-year contract, the company will deliver Australian computing services using Nvidia chips.

Following the announcement, the Sharon AI share price was unchanged at $55.52.

The tech business is currently preparing for a launch on the ASX.

Sharon AI secures $529M cloud agreement

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