Neocloud profile
Sharon AI
Sharon AI is an Australian neocloud, listed on the Nasdaq as SHAZ, providing NVIDIA GPU cloud capacity from data centres in Australia, New Zealand and the Asia-Pacific.
Founded: 2021. Headquarters: Sydney. CEO: James Manning. Ticker: NASDAQ:SHAZ.
Key figures
- 212MW secured AI Factory capacity, 120MW contracted, company figure
- About US$8.8bn total contract value, company figure at 6 Aug 2026
- More than 64,000 NVIDIA GPUs planned by mid-2027, company figure; NVIDIA's 9 Sep 2026 release names Sharon AI for up to 68,000
Profile summary
| Field | Value |
|---|---|
| Listing | NASDAQ:SHAZ |
| Type | Sovereign GPU cloud |
| Capacity | 212MW of secured AI Factory capacity, meaning capacity the company holds rights to ahead of switching it on, of which 120MW is contracted under multi-year take-or-pay agreements, where the customer pays for the capacity whether or not it uses it. Both figures are the company's, stated in August 2026, and cover Australia, New Zealand and the Asia-Pacific together |
| Australian deployment | Hosted inside NEXTDC facilities in Melbourne and Sydney |
| Owned land | The closed former Norske Skog, later Visy, newsprint mill at Ettamogah on the Hume Highway north of Albury, New South Wales, bought September 2026. Price, area and intended use are undisclosed, no application is before Albury council, and Visy stays as a tenant, reported by The Border Mail |
| GPU fleet | Roughly 8,200 NVIDIA B300 under the ESDS contract, up to 40,000 GB300 planned |
| Key partners | NVIDIA, NEXTDC, VAST Data, Rafay Systems |
| Customers | Canva and ESDS Software Solutions are named in company coverage. The 2026 agreements are with customers the company describes as a global AI lab, a global AI platform and a global technology company with a major Asia-Pacific presence |
| Total contract value | About US$8.8bn across all customer agreements, by the company's account at 6 Aug 2026. This is revenue the company expects to earn over the life of those contracts |
Australian deployment
Sharon AI's live Australian GPU capacity runs inside NEXTDC's Melbourne and Sydney facilities; it owns undeveloped land at Albury.
| Deployment | Location | Scale or scope | Status |
|---|---|---|---|
| SHARON AI Supercluster | NEXTDC M3, Melbourne | Roughly 1,000 GPUs live | Operational |
| AI cloud agreement with a global technology company | Multiple NEXTDC Australian data centres | About US$950m over five years; initial deployment delivered and accepted 20 Aug 2026, further NVIDIA GPU clusters expected | Operational |
| AI cloud agreement with a global AI platform | Australian AI infrastructure | US$373m over five years; initial deployment of 2,048 NVIDIA Blackwell Ultra B300 | Build-out |
| ESDS AI cloud contract | Existing NEXTDC Australian data centre | Roughly 8,200 NVIDIA B300 and 17.80PB VAST, delivery by 16 Sep 2026 | Build-out |
| 50MW expansion agreement | NEXTDC Australian and Asia-Pacific network | Part of the company's contracted capacity across NEXTDC's Australian network | Planned |
| Ettamogah paper mill site | Owned site, former Visy paper mill, Albury, New South Wales | Use undisclosed, no application lodged | Bought September 2026, reported by The Border Mail |
Funding and investors
| Date | Round or agreement | Amount or scope | Counterparty |
|---|---|---|---|
| 17 Jun 2026 | Strategic financing | US$1.6bn | Situational Awareness and Oaktree Capital Management |
| Around 20 May 2026 | Convertible raise | About US$350m | Raised alongside Andrew Penn AO chair appointment |
| Feb 2026 | Nasdaq IPO | US$125m | US$30.00 IPO price |
Technology and platform
Sharon AI cites NVIDIA B200, B300 and GB300 systems across its Australian GPU cloud roadmap.
The ESDS contract includes 17.80PB of VAST Data storage by the company's account.
Capacity is delivered through a sovereign GPU-as-a-service model deployed in NEXTDC facilities.
Since September 2026 Sharon AI has used the Rafay platform as the orchestration and operations layer across its AI Factory environments under a five-year agreement, by the company's account.
Leadership
| Name | Role |
|---|---|
| James Manning | Co-founder and CEO |
| Andrew Penn AO | Non-executive chair from 21 May 2026 |
| David Burns | Chief Operating Officer |
| Anuj Goel | Chief Financial Officer |
| Melissa Anastasiou | Chief Legal Officer |
| Andrew Leece | Head of Strategic Partnerships |
How Sharon AI compares
| Company | Status or presence | Capacity or commitment | Model or program |
|---|---|---|---|
| Sharon AI | NASDAQ:SHAZ | Hosted in NEXTDC Melbourne and Sydney; 212MW secured group-wide, company figure | GPU cloud hosted in NEXTDC facilities |
| Firmus | Private; ASX listing due 23 October 2026 | Project Southgate across three Tasmanian sites: Launceston 90MW consented, Bell Bay 288MW approved, Wesley Vale ~52MW lodged; ~1.6GW national plan by 2028 | Own immersion-cooled AI factories |
| IREN | NASDAQ:IREN | Planned 800MW campus at Bundey, SA; operating data centres in the US and Canada | Own North American data centres; Microsoft AI cloud |
Latest coverage
Frequently Asked Questions
What is Sharon AI?
Sharon AI is an Australian neocloud that provides NVIDIA GPU cloud capacity from Australian data centres.
Where are Sharon AI's GPUs and data centres?
Its Australian capacity is deployed inside NEXTDC facilities in Melbourne and Sydney, including the SHARON AI Supercluster at NEXTDC M3. The company has also announced a New Zealand AI Factory deployment under a five-year agreement with a global AI lab.
What is Sharon AI's stock ticker?
Sharon AI trades on Nasdaq under SHAZ.
Who invests in Sharon AI?
Sharon AI's June 2026 strategic financing was anchored by Situational Awareness and Oaktree Capital Management, by the company's account.
How many GPUs does Sharon AI have?
The company expects more than 64,000 NVIDIA GPUs deployed by mid-2027, and its NVIDIA collaboration scales to as many as 40,000 Grace Blackwell GB300. NVIDIA's 9 September 2026 release names Sharon AI for up to 68,000 GPUs.
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