Sharon AI Reports Q1 2026 Financial Results and Expansion

New York, USA, 15th May 2026 - Sharon AI Holdings Inc. (NASDAQ: SHAZ) has announced its financial and operational results for the first quarter of 2026, highlighting strong momentum in its Australian AI Cloud business and a significant expansion of its operational footprint.

The company successfully completed a Nasdaq IPO in February 2026, raising US$125 million. Following this, Sharon AI divested its 50 percent stake in the Texas Critical Data Centers joint venture for approximately US$74 million to reinvest capital into its core Australian operations. The company also announced significant leadership changes, with co-founder and chairman James Manning assuming the role of Chief Executive Officer.

Key Highlights:

• Successful US$125 million Nasdaq IPO in February 2026.
• Divestment of Texas Critical Data Centers stake for US$74 million.
• Strategic customer wins including Canva Inc, GMI Cloud, and a massive US$1.25 billion total contract value (TCV) deal with ESDS Software Solutions for an 8K B300 cluster.
• Establishment of a secure AI factory in Australia in partnership with Cisco.
• Partnerships with World Wide Technology and Lenovo to bolster high-performance AI infrastructure.

Operational Update:

Post-quarter momentum remains robust. The company reported a new major customer win with a global technology firm carrying a US$950 million TCV over five years. Furthermore, Sharon AI announced a US$350 million convertible note to support GPU and network procurement. The company has aggressively raised its data center capacity targets for 2026 and early 2027, moving from an initial 55MW to 100MW.