Bond.az - SharonAI Holdings Inc. (NASDAQ:SHAZ) shares jumped 8.8% in premarket trading Thursday after announcing a cloud computing infrastructure agreement valued at approximately $950 million over five years with a global technology company.
Under the contract, Sharon AI expects to deploy cloud computing solutions across multiple NEXTDC data centers in Australia, with revenue anticipated to begin by Q3 and Q4 2026.
The solutions will utilize the Vast Data AI Operating System, which unifies storage, database, compute and real-time processing into a single system.
James Manning, Co-Founder and CEO: "We are thrilled to continue expanding our AI Cloud business with NEXTDC and Vast Data. This contract follows our previous agreements, and our customer pipeline continues to grow."
The company sees strong demand across enterprise, hyperscale, research and AI sectors in Australia and Asia-Pacific.
