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SharonAI Holdings ( (SHAZ) ) has shared an announcement.
On January 16, 2026, SharonAI Inc., a subsidiary of SharonAI Holdings Inc., sold its entire 50% interest in joint venture Texas Critical Data Centers LLC to New Era Energy & Digital Inc. for total consideration of $70 million, comprising $10 million in cash, $10 million in equity and a $50 million senior secured convertible promissory note maturing June 30, 2026, bearing 10% annual interest and partially convertible into New Era common stock, and secured by TCDC’s membership interests, substantially all of its assets and certain real estate, with TCDC also guaranteeing New Era’s obligations. Following the transaction, which was announced publicly on January 18, 2026, SharonAI fully exited any ownership, governance or control over TCDC, positioning itself as a pure-play cloud GPU compute infrastructure provider and indicating that the divestiture proceeds, alongside a recent roughly $100 million convertible note capital raise, are intended to be directed toward expanding its core Neocloud operations to meet rising demand in the Asia-Pacific region from hyperscale, research, enterprise and government clients.
More about SharonAI Holdings
SharonAI Holdings Inc. is an Australian high-performance computing company focused on artificial intelligence and cloud GPU compute infrastructure, marketing its Neocloud platform to hyperscale, research, enterprise and government customers seeking large-scale accelerated computing and sovereign AI solutions.
Average Trading Volume: 37
Technical Sentiment Signal: Sell
Current Market Cap: $13.02K
For an in-depth examination of SHAZ stock, go to TipRanks’ Overview page.