SharonAI (SHAZ) Stock Jumps as Company Locks in $356M GPU Financing

TLDR

• SharonAI Holdings (SHAZ) has entered a $356 million senior secured, GPU-backed debt facility.
• The facility carries a fixed rate of 9.95%, excluding fees.
• Goldman Sachs and several private credit funds are among the investors backing the deal.
• The company has now raised over $2.6 billion in debt and equity capital in the past 10 months.
• Funds will support a planned build-out of more than 68,000 Nvidia GPUs by mid-2027.

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SharonAI Holdings Inc. (SHAZ) stock rose 0.79% after the company announced a new debt deal. The Australian cloud computing firm entered into a $356 million senior secured, GPU-backed facility.

SharonAI Holdings, Inc. Class A Common Stock, SHAZ

The facility carries a fixed rate of 9.95%, not including fees. It is structured as a special purpose vehicle, secured against the company’s GPUs and the cash flows tied to them.

Jarden Australia acted as the sole financial adviser and arranger on the transaction. Investors in the deal include Goldman Sachs along with a mix of Australian, Asian, and global private credit funds.

What the Funding Will Be Used For

SharonAI says the proceeds will go toward deploying compute infrastructure linked to existing customer contracts. The company plans to build out more than 68,000 Nvidia GPUs by mid-2027.

This facility is described as the first in a series of GPU-backed financings planned to support that rollout. The build-out spans Australia, New Zealand, and the wider Asia-Pacific region.

SharonAI calls itself a Neocloud provider. It builds AI infrastructure aimed at hyperscalers, AI-native companies, government bodies, enterprises, and research groups.

With this facility closed, SharonAI says it has now secured more than $2.6 billion in combined institutional debt and equity capital. That total covers roughly the past 10 months.

James Manning, co-founder and chief executive of SharonAI, commented on the deal. He said it shows how the company plans to tap debt markets to fund its GPU deployments going forward.

Customer Contracts and Capital Strategy

Manning pointed to the company’s customer offtake book, which he said now stands at a total contract value of over $8.8 billion. He said the structure is meant to boost return on equity over time.

He also said the approach is designed to drive long-term shareholder value. Manning added that the company has a strong balance sheet and a growing pipeline of contracted capacity.

He described the capital allocation strategy as disciplined. According to Manning, this positions SharonAI to keep scaling its AI platform across the Asia-Pacific region.

The company frames the facility as part of a broader capital markets program. That program has been active over the last 10 months as SharonAI has worked to lock down funding for its infrastructure plans.

SharonAI’s pitch centers on sovereign and secure AI infrastructure. The company says demand for this kind of trusted compute is outpacing supply, particularly in Australia, New Zealand, and the broader Asia-Pacific region.

The GPU-backed structure ties the debt directly to hardware and the revenue it generates from customer contracts. This is a common approach among companies building out large-scale AI compute capacity.

SharonAI’s platform, which it calls its AI Factory, is positioned to support everything from model training to inference and agentic AI workloads. The company serves customers globally.

As of this announcement, SharonAI has closed its first GPU financing facility of what it expects to be several. The company says further facilities will follow as it continues building toward its 68,000-GPU target by mid-2027.