Sharon AI has landed yet another major cloud contract, a five-year, $373 million deal with an AI platform the company hasn’t named, and at this point, the real story isn’t any single agreement, it’s how quickly these deals are stacking up.
This is the fourth big contract Sharon AI has announced in recent months. The Australian neocloud disclosed a $1.32 billion deal with an unnamed AI lab just last month, a $950 million agreement with an unnamed company back in May, and a separate $1.25 billion deal with ESDS Software Solutions in April.
Every single one of these contracts runs for five years, which suggests Sharon AI’s customers are betting on the company sticking around for the long haul rather than just testing capacity for a quarter or two.
According to Sharon AI, revenue from this latest deal will start flowing in the first quarter of 2027, and the company said it has now contracted 120 megawatts of its data center capacity to end customers. That figure is worth pausing on, because Sharon AI’s previous announcement put contracted capacity at 116 megawatts, meaning this new agreement likely accounts for a relatively modest 4 megawatts, a small slice compared to the billion-dollar headlines from earlier this year, but still meaningful given how quickly the company is signing customers overall.
The deal will be based in Australia, the company said, keeping it within Sharon AI’s home market rather than expanding into new geography this time around.
Sharon AI went public in February specifically to raise money for buying and deploying GPUs, an unusually direct pitch for an IPO. Shares listed at $30 and now trade around $52, a gain that roughly tracks the pace at which the company has been announcing new contracts since then. Whether that momentum holds probably depends less on any single deal size and more on whether Sharon AI can keep converting demand into signed, multi-year commitments at the rate it has managed so far this year.
