SharonAI AI capacity surges to 212MW; NVIDIA deal worth $4.9B

SharonAI Holdings reported Q2 2026 earnings results on August 6, 2026, detailing significant growth in AI compute capacity and strategic partnerships. The company's secured AI factory capacity reached 212 megawatts, up from 132 megawatts, with 120 megawatts locked under multi-year take-or-pay agreements that provide revenue certainty.

A major milestone was the six-year strategic compute collaboration with NVIDIA, valued at $4.9 billion in total contract value. According to CEO James Manning, the company has already sold capacity at record prices exceeding $4 per GPU hour for both NVIDIA B300 and GB300 deployments. The market conditions driving these prices reflect extreme GPU scarcity: as Manning stated, "The market is extremely constrained for GPU access, and we are seeing strong pricing continue throughout the year due to this scarcity." SharonAI's contracted revenue book grew to roughly $8.8 billion year-to-date, demonstrating that demand consistently outpaces available supply.

Capital raises have accelerated to support this buildout. Since December 2025, SharonAI raised approximately $2.2 billion, including a $1.6 billion oversubscribed financing round. The company also expanded its partnership with Vast Data to 600 petabytes of storage, supporting growth up to 100,000 GPUs. When asked about capacity prioritization, Manning emphasized focus on reselling NVIDIA backstop capacity due to "significant demand from AI natives," noting that the NVIDIA program "has put us on the map globally." He added that customers are already requesting guarantees on future capacity for 2027 and 2028, providing "excellent forward visibility into customer demand profiles."

Despite these gains, headwinds remain. Material revenue recognition is still in early stages and is not expected until Q4 2026, creating a substantial lag between contract signings and earnings. The company depends on third-party suppliers for hardware delivery and data center readiness, introducing execution risk. Additionally, while the NVIDIA partnership provides a pricing floor, incremental revenue above the minimum is shared with NVIDIA, potentially capping upside. The additional 80 megawatts of capacity is expected from a new partner solution in Australia, with early deployment as early as late 2026 but confirmed for Q1 2027 through 2027. However, the company has not provided guidance for capacity expansion beyond 2027, leaving future growth sustainability uncertain. A CFO transition—Tim Broadford stepping down—also introduces temporary leadership instability during a critical growth phase.