SharonAI Holdings Inc. (SHAZ): Entry into a Material Definitive Agreement

SharonAI Holdings Inc. (SHAZ) stock fell 8.0% to $54.50 in pre-market trading after Nvidia paused a financing program for AI cloud companies, raising concerns about SharonAI's $4.9 billion partnership with Nvidia. The company also announced a leadership change, appointing David Burns as COO. The stock has been under pressure, trading below its 52-week high of $97.48.

SharonAI Holdings (SHAZ) shares fell 11.3% to $58.03 after announcing the completion of the first phase of a $950M AI cloud infrastructure agreement, triggering profit-taking. The stock had risen from $40 in July, and selling pressure was compounded by a 26M share dilution overhang. Broader market declines also contributed to the drop.

SharonAI Holdings (SHAZ) held its Q2 2026 earnings call, reporting 212 MW of secured AI factory capacity after an 80 MW upgrade and $8.8 billion year-to-date total contract value from multiyear take-or-pay deals. Management cited a GPU deployment target of 64,000 units by mid-2027, $1.6 billion raised in June, and $2.2 billion cash secured since Dec. 2025, with Q4 2026 revenue starting as B300/GB300 deployments activate.

Sharon AI Holdings (NASDAQ: SHAZ) said 91% of its 132 MW AI Factory was sold out as it disclosed $8.8B total contracted revenue and a platform scaled to 212 MW. It filed an 8-K for a five-year, $373M cloud computing deal starting Q1 2027 using 2,048 NVIDIA Blackwell Ultra B300 GPUs. Q2 revenue was $1.9M and net loss $430.4M.

Sharon AI Holdings (SHAZ) reported Q2 2026 revenue of $1.9M, up 412% year over year, with $8.8B total contract value as of Aug. 6, 2026. The company posted a $430.4M net loss, largely from $400.4M fair value losses on convertible notes. Sharon AI said it has $1.9B cash and a $4.9B six-year compute collaboration with NVIDIA for up to 40,000 GB300 GPUs.

Sharon AI (NASDAQ:SHAZ) said it won a five-year $529 million cloud computing contract with an unnamed international AI group. The deal will expand its Australian computing services using Nvidia chips, following a prior US$1.32 billion New Zealand contract. The company cited strong AI infrastructure demand in Australia as it prepares to list on the ASX. Shares were unchanged at $55.52.