SharonAI secures 212 MW GPU capacity, $8.8B contract backlog

What happened

SharonAI Holdings expanded its secured AI factory capacity to 212 megawatts (up 80 MW from prior guidance of 132 MW), with 120 MW contracted under multiyear take-or-pay agreements and 92 MW available to sell. The company's contracted revenue book reached approximately $8.8 billion year to date, up from $2.2 billion three months earlier. Key deals include a $4.9 billion six-year strategic compute collaboration with NVIDIA involving 40,000 GB300 GPUs, plus agreements with a global AI lab ($1.32 billion), a global technology company ($950 million), and a global AI platform ($373 million).

Why it matters

SharonAI is building a major GPU infrastructure business across Australia and New Zealand to serve AI model builders and inference providers. The fourfold increase in contracted revenue and more-than-doubled capacity in three months suggests strong demand for GPU services as customers need more computing power for AI workloads. The company expects to deploy more than 64,000 NVIDIA GPUs by mid-2027, with first material revenue beginning in the fourth quarter of 2026 as large-scale deployments come online.

What to watch

SharonAI expects the vast majority of the 40,000 GPUs in the NVIDIA program to be deployed during the first half of 2027 under three- to five-year take-or-pay contracts. The company's revenue ramp will depend on hardware delivery from suppliers and data-center readiness, which management is actively tracking. SharonAI's contracting visibility extends through 2031, and the company has raised approximately $2.2 billion since December 2025.