SharonAI Holdings (NASDAQ: SHAZ) signed a five-year cloud computing services agreement valued at US$1.32 billion with an unnamed global artificial intelligence laboratory. The contract marks a major customer win for the Australian neocloud provider and supports deployment of AI infrastructure in New Zealand. Sharon AI expects revenue from the agreement to begin during the first and second quarters of 2027.
The company said it will deploy cloud computing infrastructure through its New Zealand AI Factory, leveraging existing data center facilities while expanding sovereign AI capacity in the region. Sharon AI currently reports total AI Factory capacity of 132 MW, with 116 MW already contracted to customers. The company also expects to deploy more than 62,000 NVIDIA GPUs across its infrastructure by mid-2027 to support enterprise, hyperscale, government, research, and AI-native workloads.
The agreement represents one of the largest publicly disclosed commercial contracts for an emerging AI cloud infrastructure provider in the Asia-Pacific region. While Sharon AI did not identify the customer or specify the GPU configuration supporting the deployment, the announcement highlights continued investment in sovereign AI infrastructure and regional AI compute capacity as organizations increasingly seek local access to high-performance GPU resources.
• Five-year cloud computing services agreement valued at US$1.32 billion.
• Customer identified only as a global AI laboratory.
• Infrastructure deployment centered on Sharon AI’s New Zealand AI Factory.
• Revenue expected to begin during Q1 and Q2 2027.
• Sharon AI reports 132 MW of AI Factory capacity.
• Approximately 116 MW already contracted to customers.
• More than 62,000 NVIDIA GPUs expected to be deployed by mid-2027.
• Customer base targets enterprise, government, hyperscalers, AI-native companies, and research organizations.
“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. We are pleased to be deploying accelerated compute for another AI native and continue to see strong demand from enterprise, government, hyperscale, AI native and research customers across Asia-Pacific and Rest of World,” said James Manning, Co-founder and CEO of Sharon AI.
🌐 Analysis: The announcement underscores the growing role of regional neocloud providers in supplying sovereign AI infrastructure outside North America. Rather than building massive global cloud platforms, companies such as Sharon AI are targeting localized GPU capacity for governments, enterprises, and AI-native startups seeking data residency and lower-latency access to accelerated computing.
Competition among neocloud providers continues to intensify across Asia-Pacific, with infrastructure developers racing to secure power, GPU allocations, and long-term customer commitments. Sharon AI’s disclosure that 116 MW of its 132 MW capacity is already contracted suggests strong demand, although investors will likely watch for additional details regarding the unnamed customer, deployment schedule, financing, and execution milestones.
