SHARONAI HOLDINGS Business Summary

SharonAI Holdings Inc. (SHAZ) operates as a specialized "neocloud" provider focused on high-performance computing (HPC) and sovereign artificial intelligence infrastructure. The company generates revenue primarily through GPU-as-a-Service (GPUaaS), cloud storage, and machine learning infrastructure, utilizing a hybrid deployment model that combines third-party data centers with the development of proprietary AI factories. Its business is anchored by massive, multi-year "take-or-pay" contracts, including a $1.32 billion agreement with a global AI lab and a strategic collaboration with NVIDIA to deploy up to 40,000 Grace Blackwell GB300 GPUs across Australia and the Asia-Pacific region. Within the competitive landscape, SharonAI competes directly with other infrastructure-heavy HPC and GPU providers such as HIVE Digital Technologies, Bit Digital, and Hut 8 Corp. It distinguishes itself by focusing on regional data sovereignty and secure onshore compute for regulated industries and government entities in the APAC market. The company is led by Co-founder and CEO James Manning, a corporate finance and infrastructure veteran who previously developed over 300MW of compute capacity across the U.S. and Australia. The founding team includes COO Andrew Leece and Head of Corporate Development Nick Hughes-Jones, both of whom bring extensive backgrounds in digital asset infrastructure and asset management. In July 2026, the executive suite was further strengthened with the appointments of Anuj Goel as CFO and Melissa Anastasiou as Chief Legal Officer. The board is chaired by Andrew Penn AO, the former CEO of Telstra, and includes notable directors such as Benjamin Adams, Chief Legal Officer of Western Union. SharonAI is backed by high-profile institutional investors, including Oaktree Capital Management and Situational Awareness L.P., following a $1.6 billion strategic financing round closed in mid-2026.