SharonAI Holdings Inc. (NASDAQ:SHAZ) saw its stock surge 30% on Wednesday after announcing a five-year artificial intelligence cloud infrastructure contract worth $1.25 billion with ESDS Software Solutions Ltd.
As part of the agreement, Sharon AI will install an 8,000-unit B300 GPU cluster at one of its current data center partners in Australia. The company expects revenue from the deal to begin flowing in the third quarter of 2026. The customer also has the option to extend the agreement by an additional two years.
The Australian neocloud provider said the contract marks a major step forward in expanding its AI Cloud services business. James Manning, Co-Founder and CEO of Sharon AI, commented: “This contract is one of many we have been working on for a period of time, and we are delighted to be delivering this GPU capacity in an Australian data center.”
Manning also noted that the company continues to experience strong demand from a wide range of customers, including enterprise clients, hyperscalers, research institutions, government agencies, and AI-native companies. With additional data center capacity already secured, Sharon AI said it expects to provide further updates on its growing pipeline of customers.
The multi-billion-dollar agreement represents a significant milestone for Sharon AI as global demand for AI computing infrastructure continues to expand. Deploying the B300 cluster in Australia will also strengthen the company’s ability to serve clients across the Asia-Pacific region that require high-performance GPU resources for artificial intelligence workloads.