SHAZ News & Events

SharonAI (SHAZ) announced the appointment of Andrew Penn AO as Non-Executive Chairman of the Board of Directors. Penn is a global business and technology leader with deep and broad expertise across financial, technology, telecommunications, digital and physical infrastructure. Penn is a Non Executive Director and Chair of the Audit and Risk Committee of the Coles Group (CLEGF)

Reports Q1 revenue $294,014 consensus $400,000. James Manning, co-founder and CEO, Sharon AI said, "We are pleased to have exited the first quarter of 2026 with significant business momentum, and this has accelerated into the second quarter. Our AI Cloud business has expanded significantly, and we continue to see both Australian and Rest of World demand materially outweighing available supply. Having now upgraded our expected data center capacity twice this year, from initially 55MW, to 70MW, to now 100MW, and with the previously announced US$350M convertible note, we are well placed to continue to grow our customer base over the coming quarters. We continue to see strong demand across enterprise, hyperscale, research, government and AI native sectors throughout Australia and Asia-Pacific."

SharonAI announced the signing of a cloud computing infrastructure agreement with a global technology company with major Asia-pacific presence, valued at approximately $950M over five years. Under the terms of the contract, Sharon AI expects to deploy cloud computing solutions across multiple NEXTDC data centers in Australia, with revenue expected to commence by the end of each of the third quarter and fourth quarter of 2026.