SharonAI Secures $1.6 Billion Financing to Expand AI Infrastructure
The company reached 132MW of total AI Factory capacity following a strategic collaboration with NVIDIA.
SharonAI Holdings (SHAZ), an artificial intelligence infrastructure provider, secured $1.6 billion in strategic financing to accelerate its capacity expansion.
The capital raise marks a significant increase in funding compared to the $350 million convertible note offering the company closed in May 2026. The new financing package consists of $900 million in common stock and warrants and $700 million in 4.75% Convertible Senior Notes due 2032.
Infrastructure growth accelerated through a strategic collaboration with NVIDIA, which added 72MW of capacity in June 2026. This expansion brought total AI Factory capacity to 132MW, with 102MW already contracted to end customers.
To support this hardware growth, the company deployed 600PB of the VAST AI Operating System. This deployment provides a data backbone capable of supporting approximately 100,000 GPUs.
SharonAI maintained its deployment target of more than 55,000 total NVIDIA GPUs by mid-2027.
The company also updated its leadership structure, appointing Andrew Penn as non-executive Chairman of the Board of Directors on May 22, 2026.