Sharon AI Soars 21% Pre-Market After Signing Six-Year Power Agreement with NVIDIA

On June 12, Australian AI cloud service provider Sharon AI (SHAZ.O) surged 21% in pre-market trading after announcing a six-year power agreement with NVIDIA. According to the agreement, NVIDIA and Sharon AI will collaborate to build a new 72-megawatt data center in Australia. The two parties will utilize NVIDIA's DSX AI factory architecture and deploy a total of 40,000 Grace Blackwell GB300 GPUs to meet the growing demands of AI startups, large enterprises, and academic research institutions. Under this cooperation model, Sharon AI can scale up NVIDIA's infrastructure and achieve a balance of interests through revenue sharing and credit support mechanisms. Sharon AI will launch cloud services based on NVIDIA technology, and in addition to regular product revenue, NVIDIA will also receive a share of the revenue from the corresponding cloud services. 'This strategic partnership with NVIDIA for computing power is an important milestone for Sharon AI in building a self-controlled, ultra-large-scale AI computing infrastructure. The establishment of the 72-megawatt data center allows us to deploy an additional 40,000 Grace Blackwell GB300 GPUs, providing high-performance accelerated computing power for various enterprises, startups, and native AI companies, solving their previous challenges in acquiring computing power.'