Sharon AI Secures $356M GPU-Backed Debt Facility to Support AI Infrastructure Expansion
SharonAI Holdings Inc. (NASDAQ: SHAZ) has secured a US$356 million senior secured, GPU-backed debt facility priced at a fixed rate of 9.95%. The funding will support the deployment of compute infrastructure for customer contracts and is part of an expected series of financings aimed at deploying over 68,000 NVIDIA GPUs by mid-2027. This marks Sharon AI's first such facility and includes participation from major investors like Goldman Sachs. Over the past ten months, the company has secured more than US$2.6 billion in institutional debt and equity capital, highlighting its ability to access diverse funding sources as it scales its AI infrastructure platform across Australia, New Zealand, and the Asia-Pacific region. The CEO emphasized that scalable debt is crucial for growth amid rising demand for secure AI infrastructure. The company's total contracted value (TCV) now exceeds US$8.8 billion, supporting a disciplined capital allocation strategy to drive long-term shareholder value.
Tickers: $SHAZ
Topics: AI infrastructure capital raising corporate finance GPU financing