SharonAI Holdings (SHAZ) stock surged as much as 25% on Friday after the Australian cloud infrastructure firm announced a six-year strategic compute agreement with Nvidia (NVDA). The stock, which went public in February at $30, has now climbed 138% and was trading around $78.79 in early moves. The deal will deploy 72 megawatts of new data-center capacity in Australia, scaling up to 40,000 Nvidia Grace Blackwell GB300 GPUs to serve AI startups, enterprises, and university researchers. Nvidia will earn standard chip revenue plus a share of cloud revenue from the supported capacity, marking a relatively new recurring-revenue structure for the chip giant.
Under the partnership, Sharon AI's total AI factory capacity expands to 132 MW, with 102 MW already contracted to end customers. The company expects more than 55,000 Nvidia GPUs to be live by mid-2027. CEO James Manning called the deal “a pivotal moment” in the mission to deliver sovereign, large-scale AI compute. The company, founded in late 2024, now carries a market cap of $1.2 billion and operates as a neocloud similar to CoreWeave or Nebius Group.
In a related development, Nvidia is also actively courting Chinese clients with its new Vera processor, a standalone CPU built on Arm architecture. Designed for AI-agent workloads like database queries and code compilation, Vera is 1.8 times faster than comparable x86 chips. At least one major Chinese cloud provider is testing servers with these processors, though adoption faces hurdles including software compatibility, pricing (over $20,000 per CPU), and geopolitical risks. Nvidia, which saw its China market share drop to near zero due to U.S. export controls, aims to reclaim a foothold via the less-restricted CPU segment, projecting $20 billion in Vera revenue by early 2027.
For the crypto sector, the expanding AI compute landscape could indirectly benefit decentralized AI projects and inference tasks that rely on high-performance hardware. While no single coin is directly tied to the deal, the trend highlights the growing intersection of AI and blockchain infrastructure.
