A specialized cloud infrastructure provider, like a **niche Amazon Web Services (AWS) or Microsoft Azure**, focused entirely on high-performance computing and GPU-heavy workloads for Artificial Intelligence.

Think of it as the **"NVIDIA of cloud services,"** renting out the powerful GPU and CPU infrastructure essential for demanding AI and machine learning applications.

• AI/HPC Cloud Platform: Provides specialized, high-performance computing resources, including GPUs, CPUs, and distributed data storage, primarily for AI, machine learning, and High-Performance Computing workloads.

Based on the provided company description, SharonAI (SHAZ) operates an AI/HPC cloud platform and develops data center assets, focusing on providing specialized, high-performance computing (HPC) and artificial intelligence (AI) services. These services include GPU and CPU resources combined with data storage.

The company specifically delivers these HPC/AI services to "users and applications which require both large amounts of Graphic Processing Units (“GPU”) and Central Processing Units (“CPU”), combined with data storage." This indicates that SharonAI primarily sells its services to other companies, organizations, or developers that require significant computational power and storage for their AI, machine learning, and general high-performance computing workloads.

However, the provided background information does not explicitly name any specific major customer companies or provide categories beyond the general description of "users and applications" requiring these specialized services.

• Lenovo (Symbol: 0992.HK)
• NEXTDC (Symbol: NXT.AX)

James Manning, Chief Executive Officer and Executive Chairman

James Manning is a Co-Founder of SharonAI Holdings Inc. and was appointed Chief Executive Officer and Executive Chairman effective January 23, 2026. He brings over 20 years of experience in corporate finance, accounting, business, asset management, and operations in both public and private companies. Over the past eight years, Mr. Manning has developed and monetized more than 300MW of high-performance compute infrastructure across the United States and Australia. He holds a Master of Business (Finance), a Masters in Property Development, and a Bachelor of Accounting.

Timothy Broadfoot, CFO, Chief Compliance Officer

Timothy Broadfoot is the Chief Financial Officer and Chief Compliance Officer of SharonAI. He is responsible for overseeing all financial operations and ensuring the company's fiscal health and strategic alignment. Mr. Broadfoot has 10 years of experience in finance and asset management, including leading 120MW data center projects at Mawson.

Andrew Leece, Co-Founder & COO

Andrew Leece is a Co-Founder and the Chief Operating Officer of SharonAI Holdings Inc.

Nicholas Hughes-Jones, Co-Founder & Head of Corporate Development

Nicholas Hughes-Jones is a Co-Founder and the Head of Corporate Development for SharonAI Holdings Inc.

Daniel Mons, Chief Technology Officer

Daniel Mons serves as the Chief Technology Officer for SharonAI Holdings Inc.

Key Risks to SharonAI's Business

1. Rapid Technological Obsolescence and Intense Competition: SharonAI operates in the High Performance Computing (HPC) and Artificial Intelligence (AI) fields, which are characterized by exceptionally rapid technological advancements. The company's core business relies heavily on Graphic Processing Units (GPUs), Central Processing Units (CPUs), and data storage. The continuous and swift evolution of hardware and software in these sectors poses a significant risk that SharonAI's existing infrastructure could quickly become technologically obsolete, necessitating substantial ongoing capital expenditures to remain competitive. Furthermore, the AI/HPC cloud market is intensely competitive, with numerous established technology giants and innovative startups vying for market share, which could lead to pricing pressures and challenges in customer acquisition and retention.
2. Reliance on Third-Party Infrastructure and Supply Chain Vulnerabilities: SharonAI currently operates its existing GPU/CPU and storage servers out of three third-party co-location data centers in Australia. This reliance on external providers for its foundational infrastructure exposes the company to risks related to service interruptions, security breaches, and potential cost increases from these third-party facilities, which could directly impact its ability to deliver services. Additionally, the acquisition of specialized hardware like GPUs and CPUs, critical for its operations, makes the company vulnerable to global supply chain disruptions, component shortages, and price volatility, particularly given the high demand for these components in the current AI industry.
3. High Capital Requirements and Execution Risk in Data Center Development: The development and operation of data centers and the acquisition of high-performance computing equipment are inherently capital-intensive endeavors. SharonAI's strategic ambition includes developing data center assets in the U.S., but its experience with the Texas Critical Data Centers LLC (TCDC) joint venture highlights potential execution challenges. The formation of a 50:50 joint venture for a planned 250 MW data center in January 2025, followed by the sale of its entire interest in TCDC to NUAI on January 16, 2026, within a year, suggests volatility in its U.S. data center strategy or difficulties in executing such large-scale, capital-intensive projects. This indicates a risk associated with securing sufficient capital, managing large development projects, and achieving strategic objectives in a timely and cost-effective manner.

The company's stated intent to develop data center assets in the U.S. as one of its two main business lines is threatened by its divestment from Texas Critical Data Centers LLC (TCDC) on January 16, 2026. TCDC represented SharonAI's only specifically identified project for the development and construction of a 250 MW data center site in the U.S. Exiting this project, particularly after forming U.S.-based subsidiaries specifically for U.S. operational activities and asset acquisition, poses an emerging threat to SharonAI's ability to execute its U.S. data center asset development strategy and expand its operations into the U.S. market as previously intended.

SharonAI (SHAZ) operates in several addressable markets related to high-performance computing (HPC), artificial intelligence (AI) cloud platforms, data center development, and distributed data storage.

Australia

• AI/HPC Cloud Platform: The cloud AI market in Australia generated a revenue of USD 2,150.8 million in 2025 and is expected to reach USD 49,885.0 million by 2033, growing at a CAGR of 47.9% from 2026 to 2033.
• Distributed Data Storage: The Cloud Storage Services market in Australia is valued at $5.9 billion in 2025. Additionally, the Australia cloud storage market size reached USD 2,351.80 million in 2024 and is expected to reach USD 9,225.23 million by 2033, exhibiting a growth rate (CAGR) of 16.40% during 2025-2033.

United States

• Data Center Asset Development: The United States data center market size was valued at USD 54.7 billion in 2025 and is estimated to reach USD 116.9 billion by 2034, exhibiting a CAGR of 8.81% from 2026-2034. Another estimate places the United States data center market size at USD 114.48 billion in 2025, growing to an estimated USD 122.08 billion in 2026 and projected to reach USD 168.34 billion by 2031, with a CAGR of 6.64% over 2026-2031.

SharonAI (SHAZ) is strategically positioned for significant revenue growth over the next 2-3 years, driven by several key initiatives in the high-performance computing (HPC) and artificial intelligence (AI) infrastructure sectors.

1. Expansion of High-Performance Compute (HPC) and AI Infrastructure Capacity: SharonAI is actively deploying substantial high-density computing power, including advanced NVIDIA GPUs (such as B200s, B300s, and GB300s), across Australia and the broader Asia-Pacific region. This expansion is supported by recent capital raises, including a US$100 million convertible note and a US$500 million debt facility from USD.AI, specifically earmarked for GPU deployments. This increased capacity will enable SharonAI to serve a larger volume of AI training and inference workloads, directly driving revenue growth.
2. Increased Customer Acquisition and Market Penetration in Australia and Asia-Pacific: The accelerated deployment of computing infrastructure is expected to enhance SharonAI's ability to engage with and attract a wider array of potential customers. The company is targeting hyperscale clients, research institutions, enterprise customers, and government entities across the Asia-Pacific region, aiming to expand its customer base and market share.
3. Leveraging Strategic Partnerships and Ecosystem Strengthening: SharonAI is solidifying its relationships with key partners in the HPC and AI ecosystem. Collaborations with companies like NEXTDC for data center expansion, Cisco for secure AI factories, Lenovo, VAST Data, and World Wide Technology are crucial. These partnerships are anticipated to enhance service offerings, optimize infrastructure efficiency, and provide broader market reach, thereby contributing to sustained revenue growth.
4. Enhancement and Diversification of Cloud Platform Services: SharonAI continues its research and development efforts to optimize its systems and determine the best configurations for GPU and CPU-based computing. The company's comprehensive suite of services, including GPU-as-a-Service, SHARON AI Cloud, and specialized solutions for AI model training and high-performance computing, are expected to evolve. Continuous refinement and potential diversification of these offerings will allow SharonAI to attract a wider range of high-value workloads and increase revenue per customer.

Outbound Investments

• Acquired 100% of Alternative Asset Management Pty Ltd (renamed SharonAI Pty Ltd) in April 2024.
• Acquired over 99% of Distributed Storage Solutions Limited by the end of 2024.
• Formed a 50:50 joint venture, Texas Critical Data Centers LLC (TCDC), with NUAI in January 2025 to fund, develop, and construct a planned 250 MW sustainable data center site project in Western Texas.

Capital Expenditures

• Acquired a Tier 3 designed modular data center as part of the SAIPL acquisition.
• Acquired a fleet of GPU, CPU, and storage servers for operations in three third-party co-location data centers in Australia.
• Committed to funding, developing, and constructing a planned 250 MW sustainable data center site project in Western Texas through the TCDC joint venture.