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An update from SharonAI Holdings ( (SHAZ) ) is now available.
On March 31, 2026, SharonAI Holdings Inc., through a wholly owned subsidiary, signed a Master Services Agreement and initial service order with ESDS Software Solutions to provide high‑performance managed GPU compute and cloud infrastructure. Under the five‑year service order, SharonAI will deploy and operate about 8,200 NVIDIA B300 GPUs, 17.8 petabytes of VAST storage and related AI cloud infrastructure in an Australian data center, with service fees paid monthly in advance and customer security of $140 million in letters of credit or bank guarantees.
The contract, announced publicly on April 1, 2026, has a total value of roughly $1.25 billion over its initial 60‑month term, with an option for the customer to extend for an additional two years and a restriction on termination for convenience during the first 36 months. The seven‑year master agreement sets service levels targeting 99.95% annual uptime and standard protections around IP, data and liability, positioning SharonAI for a major expansion of its AI cloud services business as revenue from this deployment is expected to begin in the third quarter of 2026.
More about SharonAI Holdings
SharonAI Holdings Inc., listed on Nasdaq as SHAZ, is a leading Australian “Neocloud” high‑performance computing provider focused on artificial intelligence and cloud GPU compute infrastructure. The company’s cloud GPU platform underpins AI factories and sovereign AI solutions, targeting accelerated computing adoption across enterprise, hyperscale, research, government and AI‑native sectors.
Average Trading Volume: 166,563
Technical Sentiment Signal: Sell
Current Market Cap: $366.8M
Learn more about SHAZ stock on TipRanks’ Stock Analysis page.