Sharon AI
Nasdaq-listed GPU-as-a-Service provider (US/Australia) with a $4.9B NVIDIA compute collaboration.
sharonai.com · Record collected 25 Sept 2026
Profile from NeoCloud Observatory research (snapshot 2026-09-25); every figure links to its original source.
Profile
- Headquarters
- Not yet recorded
- Founded
- Not yet recorded
- Ownership
- public · Nasdaq: SHAZ
- Operating regions
- Not yet recorded
- Deployment model
- gpu hour rental, long term offtake
- GPU vendors
- Not yet recorded
- GPU generations
- Not yet recorded
- Networking
- Not yet recorded
- Storage
- Not yet recorded
- Cooling
- Not yet recorded
- Energy strategy
- Not yet recorded
- Platform / control plane
- Not yet recorded
- Business model
- GPUaaS.
- Differentiation
- Not yet recorded
Sources: Nasdaq (Sharon AI press release) — Sharon AI Reports Second Quarter 2026 Results, SEC EDGAR — SharonAI Holdings Inc. Form 10-Q (Q2 2026)
Capacity register
Each sourced figure with its maturity and MW type. Figures of different types are not added together.
| MW | Maturity | MW type | As of | Status & source |
|---|---|---|---|---|
| 212 | secured | unspecified | 6 Aug 2026 | Announced Confidence: high 'Secured AI Factory capacity increases by 80MW to 212MW'. Source: Nasdaq (Sharon AI press release) — Sharon AI Reports Second Quarter 2026 Results |
Disclosed customer contracts
| Customer | Value | Basis | Term | Date | Status & source |
|---|---|---|---|---|---|
| NVIDIAvendor | $4.9B | Total contract value | 6 yr | 6 Aug 2026 | signed 'Strategic compute collaboration' for up to 40,000 GB300 GPUs. Source: Nasdaq (Sharon AI press release) — Sharon AI Reports Second Quarter 2026 Results |
| Undisclosed global technology company (APAC) | $950.0M | Total contract value | 5 yr | 6 Aug 2026 | signed Source: Nasdaq (Sharon AI press release) — Sharon AI Reports Second Quarter 2026 Results |
Neocloud Observatory
Evidence-scored analysis
Category C · GPU Cloud · data quality 71.3/100 · snapshot 25 Sept 2026
Capacity by maturity (MW)
Each stage is reported separately and never added together. Announced GPUs never count as operational.
- Operational Unknown
- Under construction Unknown
- Contracted Unknown
- Secured 212 MW
- Announced Unknown
- Stated pipeline Unknown
- Company target Unknown
- GPUs operational
- Unknown
- GPUs contracted
- Unknown
- GPUs announced
- Unknown
Financial position
- Annualised revenueDERIVED: Q2 2026 annualised
- $7.6M
- Revenue growth (YoY)
- 412%
- Backlog
- Unknown
- Disclosed contract value
- $5.9B
- Valuation
- Unknown
- Equity raised (captured)
- Unknown
- Debt raised (captured)
- Unknown
- Total debt (reported)
- Unknown
- Hyperscaler credit supportnot cash raised
- Unknown
Largest disclosed customer: nvidia · 84% of disclosed contract value
Scorecard
score-v1.0 · 0–100 · scores with under 34% evidence coverage stay empty
Business Model Quality 32 evidence coverage 85%
- contracted revenue model: 45 (weight 0.4) — spot/on-demand oriented
- model diversity: 44 (weight 0.2) — gpu_hour_rental, long_term_offtake
- margin: 0 (weight 0.25) — net margin -22653%
- software upside: unknown (weight 0.15) — 0 software layers
Capital Access Insufficient evidence evidence coverage 0%
- total capital raised: unknown (weight 0.3) — UNKNOWN equity+debt captured
- raised last 12m: unknown (weight 0.25) — UNKNOWN in 12m
- valuation: unknown (weight 0.2) — no valuation UNKNOWN
- strategic backers: unknown (weight 0.15) — 0 investors known
- cost of debt: unknown (weight 0.1) — no rate disclosed
Competitive Moat Insufficient evidence evidence coverage 25%
- physical control: unknown (weight 0.3) — power/land/DC control
- software depth: unknown (weight 0.25) — 0 software layers
- contracted lock in: 59 (weight 0.25) — backlog/contract value $5.85B
- operational reputation: unknown (weight 0.2) — not rated
Concentration Risk (higher = riskier) 79 evidence coverage 100%
- top customer share: 84 (weight 0.8) — top customer ≈84%
- few customers: 60 (weight 0.2) — 2 disclosed customers
Customer Diversification 30 evidence coverage 100%
- top customer share: 23 (weight 0.6) — top customer ≈84% of disclosed value
- distinct customers: 40 (weight 0.4) — 2 disclosed customer relationships
Customer Quality 50 evidence coverage 100%
- hyperscaler or lab: 40 (weight 0.5) — 2 disclosed customers
- contracted value: 59 (weight 0.5) — disclosed contract value $5.85B
Execution Risk (higher = riskier) Insufficient evidence evidence coverage 25%
- build to operating ratio: unknown (weight 0.45) — 0 MW to build vs 0 MW operating
- soft pipeline share: 100 (weight 0.25) — 212 MW secured/announced/speculative
- organisational youth: unknown (weight 0.3) — founded UNKNOWN
Financial Durability 35 evidence coverage 80%
- revenue scale: 0 (weight 0.3) — annualised revenue $8M (DERIVED: Q2 2026 annualised)
- net margin: 0 (weight 0.2) — net margin -22653%
- cash: unknown (weight 0.2) — cash UNKNOWN
- backlog coverage: 100 (weight 0.2) — backlog/revenue 767.6x
- public disclosure: 80 (weight 0.1) — public company (audited)
Financial Risk (higher = riskier) 64 evidence coverage 70%
- losses: 100 (weight 0.3) — net margin -22653%
- debt to revenue: unknown (weight 0.3) — no debt/revenue data
- reliance on new capital: 0 (weight 0.25) — 12m capital raised / revenue 0.0x
- revenue scale inverse: 100 (weight 0.15) — revenue $8M
Geographic Position 45 evidence coverage 40%
- countries: unknown (weight 0.6) — UNKNOWN
- sovereign positioning: 45 (weight 0.4) — no sovereign positioning
GPU Supply Position Insufficient evidence evidence coverage 0%
- gpu fleet and contracted: unknown (weight 0.4) — 0 GPUs operational+contracted
- vendor relationship: unknown (weight 0.3) — no strategic vendor tie evidenced
- latest generation: unknown (weight 0.3) — no GPU model data
Growth Momentum 52 evidence coverage 60%
- revenue growth yoy: 78 (weight 0.4) — YoY growth 412%
- capacity momentum: unknown (weight 0.25) — 0 MW contracted/under construction
- recent major events: 0 (weight 0.2) — 0 major confirmed events in 180d
- capital raised 12m: unknown (weight 0.15) — raised UNKNOWN in 12m
Infrastructure Execution Insufficient evidence evidence coverage 0%
- delivered projects: unknown (weight 0.4) — 0/0 tracked projects (partially) operational
- operational share of hard mw: unknown (weight 0.4) — 0 of 0 hard MW operational
- building now: unknown (weight 0.2) — 0 under construction
Management Execution 32 evidence coverage 50%
- delivered capacity: unknown (weight 0.5) — 0 MW delivered to date
- milestones 180d: 0 (weight 0.3) — 0 confirmed major milestones (180d)
- disclosure discipline: 80 (weight 0.2) — public reporting cadence
Operational Capacity Insufficient evidence evidence coverage 0%
- operational mw: unknown (weight 0.65) — operational MW UNKNOWN
- operational gpus: unknown (weight 0.35) — operational GPUs UNKNOWN
Power Pipeline Quality 23 evidence coverage 80%
- weighted pipeline mw: 37 (weight 0.5) — ladder-weighted 106 MW
- hard share: 0 (weight 0.3) — 0% of stated MW is operational/under construction/contracted
- physical power control: unknown (weight 0.2) — physical-layer control 0/100
Software Platform Maturity Insufficient evidence evidence coverage 0%
- software layers: unknown (weight 0.5) — none evidenced
- software control: unknown (weight 0.25) — software-layer control 0/100
- independent rating: unknown (weight 0.25) — not rated
Strategic Partnerships 30 evidence coverage 40%
- vendor equity: unknown (weight 0.4) — no vendor equity evidenced
- hyperscaler ties: 30 (weight 0.4) — none evidenced
- exemplar or rating: unknown (weight 0.2) — n/a
Technical Differentiation Insufficient evidence evidence coverage 0%
- differentiators: unknown (weight 0.7) — no clear differentiator evidenced
- independent rating: unknown (weight 0.3) — not rated
Technical Strength Insufficient evidence evidence coverage 0%
- independent rating: unknown (weight 0.45) — not rated
- exemplar cloud: unknown (weight 0.15) — n/a
- fabric evidence: unknown (weight 0.15) — fabric UNKNOWN
- stack documentation: unknown (weight 0.25) — 0 technology layers evidenced
Vertical Integration Insufficient evidence evidence coverage 0%
- stack control: unknown (weight 1) — 0 of 12 layers evidenced; 12 UNKNOWN
Career Opportunity 40 evidence coverage 54%
- growth momentum: 52 (weight 0.2) — Growth Momentum
- capital access: unknown (weight 0.15) — Capital Access
- technical strength: unknown (weight 0.12) — Technical Strength
- software platform maturity: unknown (weight 0.12) — Software Platform Maturity
- power pipeline quality: 23 (weight 0.1) — Power Pipeline Quality
- geographic position: 45 (weight 0.06) — Geographic Position
- strategic partnerships: 30 (weight 0.08) — Strategic Partnerships
- hiring: unknown (weight 0.07) — open roles (public boards)
- inv financial risk: 36 (weight 0.1) — 100 - financial risk
Data Quality 71 evidence coverage 35%
- dq coverage: unknown (weight 0) — 0.353
- dq avg confidence: unknown (weight 0) — 0.887
- dq primary source pct: unknown (weight 0) — 1.0
- dq freshness days: unknown (weight 0) — 0
- dq conflicts: unknown (weight 0) — 0
- dq missing count: unknown (weight 0) — 11
Worth Investigating? (not investment advice) 41 evidence coverage 52%
- growth momentum: 52 (weight 0.18) — Growth Momentum
- technical differentiation: unknown (weight 0.12) — Technical Differentiation
- customer quality: 50 (weight 0.12) — Customer Quality
- power pipeline quality: 23 (weight 0.12) — Power Pipeline Quality
- capital access: unknown (weight 0.12) — Capital Access
- strategic partnerships: 30 (weight 0.1) — Strategic Partnerships
- technical strength: unknown (weight 0.08) — Technical Strength
- infrastructure execution: unknown (weight 0.08) — Infrastructure Execution
- operational capacity: unknown (weight 0.08) — Operational Capacity
- novelty bonus: 0 (weight 0.3) — company ≤3 years old
Overall Scale Potential Insufficient evidence evidence coverage 50%
- power pipeline quality: 23 (weight 0.3)
- capital access: unknown (weight 0.25)
- customer quality: 50 (weight 0.2)
- operational capacity: unknown (weight 0.15)
- vertical integration: unknown (weight 0.1)
Overall Survival Probability (5y, %) 49 evidence coverage 50%
- model: unknown (weight 1) — logistic(durability, capital access, customer quality, risks)
Forecasts (rule-based, P10–P90)
| Horizon | Operational MW | Annualised revenue |
|---|---|---|
| 12 months | 21 MW (4 MW–42 MW) | $30.5M ($17.9M–$38.5M) |
| 24 months | 64 MW (21 MW–106 MW) | $74.9M ($29.7M–$114.2M) |
| 36 months | 95 MW (42 MW–148 MW) | $132.3M ($39.9M–$232.3M) |
| 60 months | 127 MW (64 MW–180 MW) | $252.8M ($54.8M–$533.5M) |
Stored in an immutable prediction ledger and scored against reported outcomes when they fall due. Predictions, not facts.
Outcome probabilities
| Outcome | 12 mo | 24 mo | 36 mo | 60 mo |
|---|---|---|---|---|
| Remain independent | 76% | 54% | 34% | 1% |
| Acquired | 8% | 15% | 22% | 34% |
| Merge | 3% | 6% | 9% | 14% |
| Fail | 13% | 25% | 35% | 51% |
| Acquire another company | 8% | 15% | 22% | 34% |
| Financial distress | 12% | 22% | 31% | 46% |
| Major cloud scale (≥2 GW operational or ≥$10B revenue) | 0% | 0% | 0% | 0% |
| Remain niche | 86% | 75% | 65% | 49% |
| Strategic pivot | 10% | 15% | 20% | 30% |
| Exit AI infrastructure | 1% | 2% | 3% | 5% |
Ownership outcomes (independent, acquired, merge, fail) sum to 100% at each horizon; the others are independent events.
Vertical-integration stack
- energy UNKNOWN No evidence captured (unknown)
- land UNKNOWN No evidence captured (unknown)
- data center UNKNOWN No evidence captured (unknown)
- power cooling UNKNOWN No evidence captured (unknown)
- gpu hardware UNKNOWN No evidence captured (unknown)
- network UNKNOWN No evidence captured (unknown)
- storage UNKNOWN No evidence captured (unknown)
- bare metal UNKNOWN No evidence captured (unknown)
- orchestration UNKNOWN No evidence captured (unknown)
- cloud api UNKNOWN No evidence captured (unknown)
- ai platform UNKNOWN No evidence captured (unknown)
- managed ai UNKNOWN No evidence captured (unknown)
Not yet sourced: valuation, power mw.operational, power mw.contracted, gpu count, cash, employees, profile.hq country, profile.ceo, profile.founded year, tech stack, stack control.
Timeline
No projects or events recorded yet.
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