NEW YORK, Sept. 23, 2026 /PRNewswire/ -- SharonAI Holdings Inc. (NASDAQ: SHAZ) ("Sharon AI" or the "Company"), a leading Australian Neocloud delivering trusted AI infrastructure, today announced a collaboration with VAST Data, the AI Operating System company, to bring VAST DataEnclave, the new confidential AI capability of the VAST DataEngine, to Sharon AI's AI Factory platform across Australia and Asia-Pacific.

Under the collaboration, Sharon AI will offer VAST DataEnclave as part of its AI Factory platform, giving customers a hardware-isolated secure runtime and cryptographic attestation service for running leading AI models onshore which is not expected to expose data or model weights. VAST's confidential AI capability is designed to let regulated organizations run advanced AI models onshore in Australia and across Asia-Pacific, including in fully air-gapped environments, without those models or the underlying customer data leaving customer-controlled infrastructure.

For organizations in highly regulated industries, some of the highest-value AI opportunities have remained out of reach because sensitive data cannot leave controlled environments, while model builders have been unable to distribute proprietary models into infrastructure they do not trust. VAST DataEnclave is designed to resolve that impasse: sensitive assets are decrypted and loaded into a secure enclave only after the runtime environment and its enforced policy have been cryptographically verified, and infrastructure operators, including Sharon AI, cannot access customer data or model weights while they are being processed.

The collaboration is expected to significantly expand the number of leading AI models available to Sharon AI customers for mission-critical work where cloud-hosted services are not an option. Customers can now run leading AI models onshore while maintaining control over cost, performance, policy management and security, addressing a longstanding barrier for banks, government agencies and other regulated organizations across the region.

"As a trusted AI infrastructure provider, Sharon AI exists to make secure, scalable and sovereign AI compute available to every organization that needs it," said James Manning, Co-founder and Chief Executive Officer of Sharon AI.

"Our customers across Australia and Asia-Pacific need to run AI at full speed without compromising on data sovereignty, and increasingly they also want access to frontier models that were previously only available offshore. Building on our sovereign data foundation with VAST DataEnclave is expected to let us host those models onshore, inside attested environments where the model owner's weights and the customer's data are both protected from everyone, including us. That should give our customers the flexibility to operate on their own terms, backed by sovereignty they can demonstrate, not just declare."

VAST DataEnclave establishes a secure container runtime and attestation service directly within the VAST AI Operating System. Proprietary models execute inside confidential virtual machines built on CPU-level trusted execution environments, with NVIDIA GPUs operating in Confidential Compute mode, so guest memory, GPU memory and interconnect traffic all remain encrypted throughout processing.

Sharon AI customers and model builders retain independent control over their respective encryption keys through Bring Your Own KMS integrations, so customer data keys stay within the customer's trust domain and model keys remain within the model builder's trust domain at all times. Deployments can run connected, through the DataEnclave attestation service built on the open CNCF Trustee stack, or fully air-gapped, with VAST and Fortanix enabling on-premises attestation and key brokering for customers who cannot connect to external services.

Every attestation event, key release and enclave lifecycle action is recorded in a tamper-proof, queryable audit trail, giving Sharon AI customers visibility into what ran, where and under what verified policy, and is designed to avoid exposing the underlying data or model weights.

"The next phase of sovereign AI requires infrastructure that both enterprises and model builders can trust without having to trust the infrastructure operator itself," said Sunil Chavan, Vice President, APJ at VAST Data. "Sharon AI is building exactly the kind of regional AI infrastructure where VAST DataEnclave may be able to change what's possible, giving customers across Australia and Asia-Pacific access to leading AI models while allowing both sides to retain control of their most valuable intellectual property."

The collaboration should reinforce Sharon AI's role as a trusted AI infrastructure partner for regulated industries, equipped to deliver gigawatt scale AI compute securely and with sovereignty at its core, and extending its sovereign AI Factory platform to support attested, confidential AI workloads alongside its existing security, governance and compliance capabilities.

ENDS

About Sharon AI

Sharon AI (NASDAQ: SHAZ) is a leading Australian Neocloud delivering trusted sovereign AI infrastructure. Through its AI Factory platform and world-class ecosystem of technology and co-location partners, Sharon AI expands access to the scalable capabilities that organizations need to build, train and run AI, from model training through to inference and agentic AI. Serving customers globally, Sharon AI helps organizations move faster from AI potential to measurable value. For more information, visit www.sharonai.com.

Media

media@sharonai.com

Investors

investors@sharonai.com

About VAST Data

VAST Data is the AI Operating System company – powering the next generation of intelligent systems with a unified software infrastructure stack that was purpose-built to unlock the full potential of AI. The VAST AI OS consolidates foundational data and compute services and agentic execution into one scalable platform, enabling organizations to deploy and facilitate communication between AI agents, reason over real-time data, and automate complex workflows at global scale. Built on VAST's breakthrough DASE architecture – the world's first true parallel distributed system architecture that eliminates tradeoffs between performance, scale, simplicity, and resilience – VAST has transformed its modern infrastructure into a global fabric for reasoning AI.

Learn more at vastdata.com and follow VAST Data on LinkedIn, YouTube and X.

VAST Media Contact
Austin Weedfall
press@vastdata.com
VAST Data

Disclosure Information

Sharon AI primarily uses its Investor Relations page (https://sharonai.com/investors/) to disclose material non-public information and to comply with its disclosure obligations under Regulation FD. The Company also notes that it may, at times, use other communication channels, including its X account (Sharon__ai) and LinkedIn account (Sharon-AI), to disseminate information about the Company. Accordingly, investors should monitor these accounts in addition to press releases, SEC filings and public conference calls, webcasts and investor days.

Forward-Looking Statements

This press release may contain, and our officers and representatives may from time to time make, "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, which are not historical facts, and which are not assurances of future performance. Forward-looking statements are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. In some cases you can identify these statements by forward-looking words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "could," "should," "would," "project," "strategy," "plan," "expect," "goal," "seek," "future," "likely" or the negative or plural of these words or similar expressions or references to future periods. Examples of such forward-looking statements include but are not limited to express or implied statements regarding Sharon AI's management team's expectations, hopes, beliefs, intentions or strategies regarding the future including, without limitation, statements regarding:

• Service and product offerings;
• The deployment of assets and expansion of network procurement;
• Sharon AI's ability to engage with additional potential customers;
• Expansion of Sharon AI's data center footprint and capacity; and
• The strengthening of Sharon AI's partner network.

In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. You are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those set forth in these forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause actual results to differ materially from these forward-looking statements include, among others, all of the risks described in the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K filed with the SEC and other reports subsequently filed with the SEC. Additional assumptions, risks and uncertainties are described in detail in our registration statements, reports and other filings with the SEC, which are available at www.sec.gov.

The forward-looking statements and other information contained in this news release are made as of the date hereof and Sharon AI does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

NEW YORK, Sept. 8, 2026 /PRNewswire/ -- SharonAI Holdings Inc. (NASDAQ: SHAZ) ("Sharon AI" or the "Company"), a leading Australian Neocloud delivering trusted AI infrastructure, today announced that members of its management team will be participating in the following investor conferences in September:

• Goldman Sachs Communacopia + Technology Conference, San Francisco, CA on September 8
• Citi 2026 Global TMT Conference, New York, NY on September 10
• CLSA 33rd Investors Forum, Hong Kong, September 23-24
• 2026 RBC Capital Markets Global Communications Infrastructure Conference, Chicago, IL on September 29-30

For more information, please reach out to your conference representative.

ENDS

About Sharon AI

Sharon AI (NASDAQ: SHAZ) is a leading Australian Neocloud delivering trusted sovereign AI infrastructure. Through its AI Factory platform and world-class ecosystem of technology and co-location partners, Sharon AI expands access to the scalable capabilities that organisations need to build, train and run AI, from model training through to inference and agentic AI. Serving customers globally, Sharon AI helps organisations move faster from AI potential to measurable value. For more information, visit www.sharonai.com.  

Media

media@sharonai.com

Investors

investors@sharonai.com

Disclosure Information

Sharon AI primarily uses its Investor Relations page (https://sharonai.com/investors/) to disclose material non-public information and to comply with its disclosure obligations under Regulation FD. The Company also notes that it may, at times, use other communication channels, including its X account (Sharon__ai) and LinkedIn account (Sharon-AI), to disseminate information about the Company. Accordingly, investors should monitor these accounts in addition to press releases, SEC filings and public conference calls, webcasts and investor days.

Forward-Looking Statements

This press release may contain, and our officers and representatives may from time to time make, "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, which are not historical facts, and which are not assurances of future performance. Forward-looking statements are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. In some cases you can identify these statements by forward-looking words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "could," "should," "would," "project," "strategy," "plan," "expect," "goal," "seek," "future," "likely" or the negative or plural of these words or similar expressions or references to future periods. Examples of such forward-looking statements include but are not limited to express or implied statements regarding Sharon AI's management team's expectations, hopes, beliefs, intentions or strategies regarding the future including, without limitation, statements regarding:

• Service and product offerings;
• The deployment of assets and expansion of network procurement;
• Sharon AI's ability to engage with additional potential customers;
• Expansion of Sharon AI's data center footprint and capacity; and
• The strengthening of Sharon AI's partner network.

In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. You are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those set forth in these forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause actual results to differ materially from these forward-looking statements include, among others, all of the risks described in the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K filed with the SEC and other reports subsequently filed with the SEC. Additional assumptions, risks and uncertainties are described in detail in our registration statements, reports and other filings with the SEC, which are available at www.sec.gov.

The forward-looking statements and other information contained in this news release are made as of the date hereof and Sharon AI does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Five-year strategic agreement establishes a standardized orchestration and operations platform across Sharon AI's expanding AI Factory environments

NEW YORK, Sept. 4, 2026 /PRNewswire/ -- SharonAI Holdings Inc. (NASDAQ: SHAZ) ("Sharon AI" or the "Company"), a leading Australian Neocloud delivering trusted AI infrastructure, today announced a five-year strategic agreement with Rafay Systems, a leading platform provider for modern infrastructure and AI workloads.

Under the agreement, Sharon AI will use the Rafay platform as a centralized orchestration and operations layer across its AI Factory environments. The platform standardizes how Sharon AI's accelerated computing infrastructure is provisioned, governed, monitored and made available to customers across different locations, tenants and workloads.

The agreement formalizes Sharon AI's use of Rafay across its expanding AI infrastructure platform, moving from individual cluster deployments to a consistent operating framework designed to support the Company's growth across Asia-Pacific and globally.

The Rafay platform provides the automation, observability, governance and secure, multi-tenancy capabilities required to operate advanced AI infrastructure at scale. It is designed to help Sharon AI manage compute capacity efficiently, respond to different customer workload requirements and deliver secure, reliable access to the infrastructure customers need to build, train and run AI.

"Sharon AI is delivering the trusted infrastructure and operational capabilities required to help customers realize measurable value," said James Manning, Co-founder and Chief Executive Officer of Sharon AI. "Our agreement with Rafay gives us a standardized platform for orchestrating and managing AI infrastructure across our expanding footprint. This should enable us to manage our compute capacity more efficiently, accelerate service delivery and provide customers with a consistent and secure experience as we scale."

The Rafay platform acts as a centralized control plane across Sharon AI's AI Factory environments, providing operational guardrails above the underlying physical infrastructure. Its capabilities include infrastructure lifecycle management, workload orchestration, governance, monitoring and support for Kubernetes and virtual machine environments through a unified platform.

This operating layer abstracts the complexity of procuring, deploying and managing advanced AI infrastructure. It is intended to enable Sharon AI to provide customers with access to the AI capabilities they require without those customers needing to own or operate the underlying physical infrastructure.

The architecture established through the agreement is designed to support the orchestration of up to 150,000 GPUs over the five-year term, illustrating that Sharon AI intends to build platform components for larger-scale GPU deployments over time.

"Operating AI infrastructure at scale requires more than access to GPU capacity," said Haseeb Budhani, Co-founder and Chief Executive Officer of Rafay Systems. "Providers also need the orchestration, automation and governance capabilities required to transform that infrastructure into secure, reliable and production-ready AI services. Sharon AI is building a highly scalable AI infrastructure platform for customers across Asia-Pacific and beyond, and we are proud to provide an operational foundation that can support its continued growth."

The agreement is also expected to support the development of Sharon AI's internal capabilities and expertise around the Rafay platform, establishing consistent operating practices across its AI infrastructure deployments.

The collaboration is expected to strengthen Sharon AI's ability to automate service delivery, improve infrastructure utilization and reliability, maintain consistent governance and accelerate access to advanced AI capabilities for customers.

About Sharon AI

Sharon AI (NASDAQ: SHAZ) is a leading Australian Neocloud delivering trusted sovereign AI infrastructure. Through its AI Factory platform and world-class ecosystem of technology and co-location partners, Sharon AI expands access to the scalable capabilities that organisations need to build, train and run AI, from model training through to inference and agentic AI. Serving customers globally, Sharon AI helps organisations move faster from AI potential to measurable value. For more information, visit www.sharonai.com.

Media
media@sharonai.com

Investors
investors@sharonai.com

About Rafay Systems

Rafay Systems is a leading software provider powering operators building the AI cloud, including Neoclouds, telecommunications providers, enterprises and sovereign AI operators. The Rafay Platform enables organizations to operationalize GPU and compute infrastructure through self-service automation, governance and multi-tenancy.

Its capabilities span bare-metal provisioning, infrastructure lifecycle management, virtual machines, Kubernetes, GPU platform-as-a-service, AI development environments and token-metered inference services. By simplifying orchestration and operations across this stack, Rafay helps operators improve GPU utilization and turn raw infrastructure into secure, production-ready AI services. For more information, visit rafay.co.

Rafay Media Contact
Angela Shugarts
angela@rafay.co
Rafay Systems

Disclosure Information

Sharon AI primarily uses its Investor Relations page (https://sharonai.com/investors/) to disclose material non-public information and to comply with its disclosure obligations under Regulation FD. The Company also notes that it may, at times, use other communication channels, including its X account (Sharon__ai) and LinkedIn account (Sharon-AI), to disseminate information about the Company. Accordingly, investors should monitor these accounts in addition to press releases, SEC filings and public conference calls, webcasts and investor days.

Forward-Looking Statements

This press release may contain, and our officers and representatives may from time to time make, "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, which are not historical facts, and which are not assurances of future performance. Forward-looking statements are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. In some cases you can identify these statements by forward-looking words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "could," "should," "would," "project," "strategy," "plan," "expect," "goal," "seek," "future," "likely" or the negative or plural of these words or similar expressions or references to future periods. Examples of such forward-looking statements include but are not limited to express or implied statements regarding Sharon AI's management team's expectations, hopes, beliefs, intentions or strategies regarding the future including, without limitation, statements regarding:

• Service and product offerings;
• The deployment of assets and expansion of network procurement;
• Sharon AI's ability to engage with additional potential customers;
• Expansion of Sharon AI's data center footprint and capacity; and
• The strengthening of Sharon AI's partner network.

In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. You are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those set forth in these forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause actual results to differ materially from these forward-looking statements include, among others, all of the risks described in the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K filed with the SEC and other reports subsequently filed with the SEC. Additional assumptions, risks and uncertainties are described in detail in our registration statements, reports and other filings with the SEC, which are available at www.sec.gov.

The forward-looking statements and other information contained in this news release are made as of the date hereof and Sharon AI does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

NEW YORK, Aug. 27, 2026 /PRNewswire/ -- SharonAI Holdings Inc. (NASDAQ: SHAZ) ("Sharon AI" or the "Company"), a leading Australian Neocloud and trusted AI infrastructure partner, today announced an expansion of its executive leadership team to support the Company's next phase of disciplined growth and delivery.

The expanded structure establishes dedicated executive accountability across Sharon AI's company-wide operations and AI infrastructure delivery as the Company scales its multi-site, multi-country AI Factory platform.

As part of the leadership expansion:

• David Burns has been appointed Chief Operating Officer, with responsibility for the end-to-end delivery and operation of Sharon AI's expanding AI infrastructure estate.
• Andrew Leece, Sharon AI's current Chief Operating Officer and Co-founder, will move into the dedicated role of Head of Strategic Partnerships and Co-founder, providing founder-level sponsorship across the Company's most important customer, data centre and strategic relationships.

The leadership changes reflect the increasing scale and complexity of Sharon AI's operations. Responsibilities previously held within broader roles are being assigned to specialist executives, establishing clear accountability while retaining the experience and institutional knowledge of the leaders who have built the business.

"As Sharon AI grows, we are building the specialist leadership capability required to deliver with discipline and at scale," said James Manning, Chief Executive Officer and Co-founder of Sharon AI.

"These appointments establish clear accountability across operational delivery, infrastructure capacity and strategic partnerships. They strengthen our ability to convert customer commitments and contracted capacity into live AI infrastructure while continuing to build trusted, long-term relationships across our partner ecosystem.

"Andrew has played a central role in building Sharon AI's operating capability and advancing our AI Factory deployments. As Co-founder, his knowledge of our business, customers and partner ecosystem is invaluable. His new mandate will enable him to focus on the founder-level relationships that are critical to Sharon AI's long-term success."

Strengthening operational delivery

As Chief Operating Officer, David Burns will lead the end-to-end delivery and operation of Sharon AI's multi-site, multi-country AI infrastructure estate.

The role will bring together program management, procurement, the consolidated customer order book and partner-delivered services, with accountability for accelerating the journey from customer order to live operational capacity.

David brings more than 35 years of experience leading and transforming technology, telecommunications and services businesses across Australia, the United States, Europe and Asia. He has held senior executive roles at Telstra and IBM, with responsibility spanning P&L leadership, customer delivery, managed services, infrastructure, transformation and major acquisitions.

Most recently, David served as Group Executive, Telstra Enterprise, where he led the company's Australian B2B and international portfolio. As COO at Sharon AI, he will lead operational strategy and execution, helping the company scale its AI infrastructure platform with a strong focus on delivery, customer outcomes and financial performance.

David Burns said, "AI is moving at a pace unlike any technology shift I've experienced in my career, and the opportunity ahead for Sharon AI is significant. What excites me is the challenge of turning that opportunity into execution - building the operational capability, partnerships and discipline needed to deliver for customers at scale.

"Sharon AI has an ambitious strategy and a strong position in a rapidly evolving market. I'm looking forward to working alongside the team to translate that ambition into outcomes for our customers, partners and shareholders."

Dedicated founder-level strategic partnerships

In his new role as Head of Strategic Partnerships and Co-founder, Andrew Leece will provide executive sponsorship and long-term continuity across Sharon AI's priority customer, data centre and strategic relationships.

The dedicated mandate separates long-term relationship stewardship from day-to-day commercial negotiations and operational delivery, enabling Andrew to focus his experience and founder perspective on partnerships that are central to Sharon AI's growth.

"Sharon AI has reached a point where the scale of our customer commitments, infrastructure pipeline and partner ecosystem requires more specialised leadership," said Andrew Leece, Co-founder of Sharon AI.

"I am proud of the operating capability we have built and the progress we are making across our AI Factory platform. My new role will allow me to focus on strengthening the strategic relationships that underpin our capacity, delivery and long-term growth, while supporting the expanded leadership team as we move into this next phase."

The appointments and leadership changes will take effect from 7^th September 2026.

About Sharon AI

Sharon AI (NASDAQ: SHAZ) is a leading Australian Neocloud delivering trusted sovereign AI infrastructure. Through its AI Factory platform and world-class ecosystem of technology and co-location partners, Sharon AI expands access to the scalable capabilities organizations need to build, train and run AI, from model training through to inference. Serving customers globally, Sharon AI helps organizations move faster from AI potential to measurable value. For more information, visit www.sharonai.com.

Contacts 

Media
media@sharonai.com

Investors
investors@sharonai.com

Disclosure Information

Sharon AI primarily uses its Investor Relations page (https://sharonai.com/investors/) to disclose material non-public information and to comply with its disclosure obligations under Regulation FD. The Company also notes that, at times, it discloses material non-public information through other communication mediums including, but not limited to, its X account (sharon__ai) and/or LinkedIn account (sharon-AI), press releases, and regulatory filings with the SEC, or through conference calls, webcasts, and investor days, etc. that the company may hold.

Forward-Looking Statements

This press release may contain, and our officers and representatives may from time to time make, "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, which are not historical facts, and which are not assurances of future performance. Forward-looking statements are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. In some cases, you can identify these statements by forward-looking words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "could," "should," "would," "project," "strategy," "plan," "expect," "goal," "seek," "future," "likely" or the negative or plural of these words or similar expressions or references to future periods. Examples of such forward-looking statements include but are not limited to express or implied statements regarding Sharon AI's management team's expectations, hopes, beliefs, intentions or strategies regarding the future including, without limitation, statements regarding:

• Service and product offerings;
• The deployment of assets and expansion of network procurement;
• Sharon AI's ability to engage with additional potential customers;
• Expansion of Sharon AI's data center footprint and capacity; and
• The strengthening of Sharon AI's partner network.

In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. You are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those set forth in these forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause actual results to differ materially from these forward-looking statements include, among others, all of the risks described in the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K filed with the SEC and other reports subsequently filed with the SEC. Additional assumptions, risks and uncertainties are described in detail in our registration statements, reports and other filings with the SEC, which are available at www.sec.gov. 

The forward-looking statements and other information contained in this press release are made as of the date hereof and Sharon AI does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

NEW YORK, Aug. 20, 2026 /PRNewswire/ -- SharonAI Holdings Inc. (NASDAQ: SHAZ) and its subsidiaries ("Sharon AI" or "the Company"), a leading Australian Neocloud, today announced the successful delivery and customer acceptance of an initial AI Cloud deployment for a global technology company with a major Asia-Pacific presence.

Customer acceptance marks the completion of a key milestone under the five-year AI Cloud infrastructure agreement, which has a total initial contract value of approximately US$950m. Acceptance also triggers release of cash security currently held in escrow.

The deployment is the first phase of this customer contract, and part of a series of additional NVIDIA GPU clusters that Sharon AI expects to deliver over the coming months. Under the agreement, Sharon AI is deploying AI Cloud solutions across multiple data centers in Australia, with revenue expected to commence in stages across the third and fourth quarters of 2026.

"Delivering AI infrastructure at scale requires coordinated execution across data center readiness, compute, storage, networking and customer integration," said James Manning, Co-Founder and Chief Executive Officer of Sharon AI. "This successful deployment demonstrates our ability to bring together a global partner ecosystem and coordinate specialist teams to meet customer delivery requirements. The capabilities and operating discipline developed through this project strengthen our delivery platform as we deploy future clusters, bringing our secured and contracted capacity online, and supporting durable long-term growth."

Sharon AI has secured 212MW of AI Factory capacity, of which 120MW is contracted under multi-year take-or-pay agreements. The accepted deployment represents further progress in bringing this secured and contracted capacity online. The Company continues to advance its AI Factory platform to address strong demand for high-performance, sovereign AI infrastructure across Australia, New Zealand and the Asia-Pacific region.

About Sharon AI

Sharon AI (NASDAQ: SHAZ) is a leading Australian neocloud expanding access to artificial intelligence through trusted, secure and sovereign AI infrastructure. Through its AI Factory platform and colocation partners, Sharon AI enables organisations across Australia, New Zealand, and globally to confidently build, train and deploy AI at scale. For more information, visit www.sharonai.com.

Contacts

Media
media@sharonai.com

Investors
investors@sharonai.com

Disclosure Information

Sharon AI primarily uses its Investor Relations page (https://sharonai.com/investors/) to disclose material non-public information and to comply with its disclosure obligations under Regulation FD. The Company also notes that, at times, it uses other communication mediums including, but not limited to, its X account (sharon__ai) and/or LinkedIn account (sharon-AI) to disseminate information about the Company, and can be additional sources of information outside press releases, regulatory filings with the SEC and any other conference calls, webcasts, investor days, etc. that the company may hold.

Forward-Looking Statements

This press release may contain, and our officers and representatives may from time to time make, "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, which are not historical facts, and which are not assurances of future performance. Forward-looking statements are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. In some cases you can identify these statements by forward-looking words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "could," "should," "would," "project," "strategy," "plan," "expect," "goal," "seek," "future," "likely" or the negative or plural of these words or similar expressions or references to future periods. Forward-looking statements in this release include specific statements regarding the intended use of proceeds. Examples of such forward-looking statements include but are not limited to express or implied statements regarding Sharon AI's management team's expectations, hopes, beliefs, intentions or strategies regarding the future including, without limitation, statements regarding:

• Service and product offerings;
• Receipt and use of proceeds;
• The deployment of assets and expansion of network procurement;
• Sharon AI's ability to engage with additional potential customers;
• Expansion of Sharon AI's data center footprint and capacity; and
• The strengthening of Sharon AI's partner network.

In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. You are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those set forth in these forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause actual results to differ materially from these forward-looking statements include, among others, all of the risks described in the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K filed with the SEC and other reports subsequently filed with the SEC. Additional assumptions, risks and uncertainties are described in detail in our registration statements, reports and other filings with the SEC, which are available at www.sec.gov. 

The forward-looking statements and other information contained in this news release are made as of the date hereof and Sharon AI does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Total contract value reaches ~$8.8bn 

Six-year strategic NVIDIA compute collaboration

Secured AI Factory capacity increases by 80MW to 212MW

NEW YORK, Aug. 6, 2026 /PRNewswire/ -- Sharon AI Holdings Inc. (NASDAQ: SHAZ) and its subsidiaries ("Sharon AI" or "the Company"), a leading Australian Neocloud, today reported its financial and operational results for the second quarter ended June 30, 2026.

All amounts are in U.S. dollars unless otherwise indicated.

Second Quarter 2026 Highlights

• Customer Momentum
  • $4.9bn, six-year strategic compute collaboration with NVIDIA for up to 40,000 GB300 GPUs
  • $950m, five-year, take-or-pay contract with a global technology company with major Asia-pacific presence
• Capacity and Platform
  • Expanded VAST Data partnership: 600PB VAST AI Operating System deployed as the foundational data layer, sized to support ~100,000 GPUs
• Balance Sheet and Capital
  • Well funded for the near-term build-out following the $1.6bn oversubscribed private placement, $350m convertible notes offering, and the accelerated receipt of $74m in proceeds from the divestment of Texas Critical Data Centers ("TCDC")
• Leadership and Governance
  • Appointed Andrew Penn AO as Non-Executive Chairman

Second Quarter 2026 Financial Results

• Revenue: $1.9m, an increase of 412% from 2Q 2025
• Net income (loss): $(430.4m), including non-cash items totaling $423.8m, primarily reflecting a $400.4m fair value loss on convertible notes resulting from share price appreciation, compared to a net loss of $(2.6m) in 2Q 2025.
• Adjusted EBITDA¹: $0.6m, compared to $(1.7m) in 2Q 2025
• Cash and cash equivalents: $1.9bn at June 30, 2026
• Total Contract Value ("TCV")²: $8.8bn as of August 6, 2026

Management Commentary

"In the second quarter, we established the commercial, infrastructure, and capital foundations for Sharon AI's next phase of growth at scale," said James Manning, Co-Founder and Chief Executive Officer of Sharon AI. "Customer engagement continues to broaden and deepen, reflecting strong demand for secure, high-performance AI infrastructure and a growing recognition that access to power, compute and data sovereignty will be critical constraints as AI adoption accelerates.

"Our focus is on converting that demand and our contracted commitments into durable revenue growth and long-term shareholder value through disciplined execution. We are on track to bring contracted capacity online in accordance with our deployment schedule, while maintaining a thoughtful approach to capital allocation and pace of expansion. Revenue is expected to ramp materially from the third quarter of 2026 through 2027. With an experienced leadership team backed by deep technical and operating expertise across the business, a best-in-class partner ecosystem and a strengthened balance sheet, we believe Sharon AI is well positioned to become a leading sovereign AI infrastructure platform across Australia, New Zealand, and the broader Asia-Pacific region."

Subsequent Highlights

In the third quarter 2026 to-date, the Company has announced:

• $1.32bn, five-year, take-or-pay contract with a global AI lab, anchoring Sharon AI's expansion to New Zealand
• Additional 80MW of capacity, bringing total capacity to 212MW, for deployment in 2026 and 2027, underpinned by a growing pipeline of additional capacity
• $373m, five-year, take-or-pay contract with a global AI platform for a deployment of 2,048 NVIDIA B300 GPUs
• 64,000+ NVIDIA GPUs expected to be deployed by mid 2027
• Anuj Goel as Chief Financial Officer and Melissa Anastasiou as Chief Legal Officer

2Q 2026 Results Conference Call & Webcast

Date & Time: Thursday, August 6, 2026, 4:30 p.m. ET
Webcast: Use this link
U.S. Dial-in: 888-506-0062
International Dial-in: +1-973-528-0011
Conference ID: 376509

A replay of the webcast will be available at sharonai.com/investors following the event.

About Sharon AI

Sharon AI (NASDAQ: SHAZ) is a leading Australian neocloud expanding access to artificial intelligence through trusted, secure and sovereign AI infrastructure. Through its AI Factory platform and colocation partners, Sharon AI enables organisations across Australia, New Zealand, and globally to confidently build, train and deploy AI at scale. For more information, visit www.sharonai.com.

Disclosure Information

Sharon AI primarily uses its Investor Relations page (https://sharonai.com/investors/) to disclose material non-public information and to comply with its disclosure obligations under Regulation FD. The Company also notes that, at times, it uses other communication mediums including, but not limited to, its X account (sharon__ai) and/or LinkedIn account (sharon-AI) to disseminate information about the Company, and can be additional sources of information outside press releases, regulatory filings with the SEC and any other conference calls, webcasts, investor days, etc. that the company may hold.

Forward-Looking Statements

This press release may contain, and our officers and representatives may from time to time make, "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, which are not historical facts, and which are not assurances of future performance. Forward-looking statements are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. In some cases you can identify these statements by forward-looking words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "could," "should," "would," "project," "strategy," "plan," "expect," "goal," "seek," "future," "likely" or the negative or plural of these words or similar expressions or references to future periods. Forward-looking statements in this release include specific statements regarding the intended use of proceeds. Examples of such forward-looking statements include but are not limited to express or implied statements regarding Sharon AI's management team's expectations, hopes, beliefs, intentions or strategies regarding the future including, without limitation, statements regarding:

• Service and product offerings;
• Receipt and use of proceeds;
• The deployment of assets and expansion of network procurement;
• Sharon AI's ability to engage with additional potential customers;
• Expansion of Sharon AI's data center footprint and capacity; and
• The strengthening of Sharon AI's partner network.

In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. You are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those set forth in these forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause actual results to differ materially from these forward-looking statements include, among others, all of the risks described in the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K filed with the SEC and other reports subsequently filed with the SEC. Additional assumptions, risks and uncertainties are described in detail in our registration statements, reports and other filings with the SEC, which are available at www.sec.gov. 

The forward-looking statements and other information contained in this news release are made as of the date hereof and Sharon AI does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Non–GAAP Financial Measures

This press release includes "Adjusted EBITDA," which is a non–GAAP financial measure. The Company defines Adjusted EBITDA as net income (loss) adjusted to exclude: (i) interest expense (income), net; (ii) income tax expense (benefit); (iii) depreciation and amortization; (iv) stock-based compensation expense; (v) fair value adjustments on convertible notes; and (vi) other non-cash or non-recurring items that management does not consider indicative of the Company's ongoing operating performance. Adjusted EBITDA is not a substitute for net income (loss) or any other measure of financial performance prepared in accordance with U.S. GAAP and may not be comparable to similarly titled measures used by other companies. Management believes Adjusted EBITDA is useful to investors because it provides a supplemental measure of the Company's core operating performance by excluding the effects of capital structure decisions (such as interest expense and fair value changes on convertible notes), non-cash charges (such as depreciation, amortization and stock-based compensation), and tax impacts that can vary significantly between periods and across companies. Management uses Adjusted EBITDA to evaluate the Company's performance, compare performance across periods, and assist in the allocation of resources. Investors are cautioned that Adjusted EBITDA has limitations as an analytical tool and should not be considered in isolation or as a substitute for analysis of the Company's results as reported under U.S. GAAP.

A reconciliation of Adjusted EBITDA to the most directly comparable U.S. GAAP financial measure is included in the tables accompanying this press release. To the extent the Company provides forward-looking Adjusted EBITDA guidance in connection with this release or the related earnings call, a reconciliation of such forward-looking non-GAAP measure to the most directly comparable U.S. GAAP measure may not be available without unreasonable effort due to the inherent difficulty in forecasting and quantifying certain amounts, including but not limited to fair value adjustments on convertible notes, stock-based compensation expense, and other non-cash or non-recurring items, the timing and magnitude of which may be significant.

Contacts

Media
media@sharonai.com

Investors
investors@sharonai.com

NEW YORK, Aug. 4, 2026 /PRNewswire/ -- Sharon AI Holdings Inc. (NASDAQ: SHAZ) and its subsidiaries ("Sharon AI" or the "Company"), a leading Australian Neocloud, today announced that it has entered into a five-year cloud computing service agreement with a global artificial intelligence ("AI") platform. The agreement has a total contract value of US$373 million over its five-year term.

Under the agreement, Sharon AI expects to deploy cloud computing solutions across its AI infrastructure in Australia. The Company expects revenue under the agreement to commence during the first quarter of 2027.

Following execution of this agreement, Sharon AI's total AI Factory capacity remains at 132 megawatts (MW) but has now contracted a total of 120MW to end customers. The Company will upgrade from 62,000 to 64,000 NVIDIA GPUs across its AI Factory platform by mid-2027.

The initial deployment under this agreement is expected to utilize 2,048 NVIDIA Blackwell Ultra B300 GPUs. Additional deployments may occur over the term of the agreement in accordance with customer requirements and the terms of the contract.

The agreement further supports Australia's ambition to become a leading destination for AI infrastructure investment in the Asia-Pacific region. By deploying advanced AI compute capacity within Australia, Sharon AI is helping to expand the nation's sovereign AI capability, enabling global AI platforms to access high-performance infrastructure while supporting the development of a broader domestic AI ecosystem.

As demand for AI infrastructure continues to accelerate, long-term customer commitments such as this contribute to investment in Australian digital infrastructure, strengthen the country's position as a regional AI hub and create opportunities for Australian businesses, researchers and government organizations to access world-class AI compute closer to where it is needed.

James Manning, Co-founder and Chief Executive Officer of Sharon AI, said:
"This agreement represents an important milestone in the continued expansion of Sharon AI's customer base and contracted AI infrastructure capacity. As organizations increasingly seek access to sovereign, high-performance AI compute, we remain focused on delivering scalable infrastructure that supports the evolving needs of AI platforms, enterprises and governments.

"We continue to see strong demand for AI infrastructure in Australia and across the Asia-Pacific region, and this agreement reflects our strategy of securing long-term customer commitments as we expand our AI Factory platform."

About Sharon AI

Sharon AI (NASDAQ: SHAZ) is a leading Australian neocloud expanding access to artificial intelligence through trusted, secure and sovereign AI infrastructure. Through its AI Factory platform and colocation partners, Sharon AI enables organizations across Australia, New Zealand, and globally to confidently build, train and deploy AI at scale. For more information, visit www.sharonai.com.

Disclosure Information

Sharon AI primarily uses its Investor Relations page (https://sharonai.com/investors/) to disclose material non-public information and to comply with its disclosure obligations under Regulation FD. The Company also notes that, at times, it uses other communication mediums including, but not limited to, its X account (Sharon__ai) and/or LinkedIn account (Sharon-AI) to disseminate information about the Company and can be additional sources of information outside press releases, regulatory filings with the SEC and any other conference calls, webcasts, investor days, etc. that the company may hold.

Forward-Looking Statements

This press release may contain, and our officers and representatives may from time to time make, "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, which are not historical facts, and which are not assurances of future performance. Forward-looking statements are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. In some cases you can identify these statements by forward-looking words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "could," "should," "would," "project," "strategy," "plan," "expect," "goal," "seek," "future," "likely" or the negative or plural of these words or similar expressions or references to future periods. Forward-looking statements in this release include specific statements regarding the intended use of proceeds. Examples of such forward-looking statements include but are not limited to express or implied statements regarding Sharon AI's management team's expectations, hopes, beliefs, intentions or strategies regarding the future including, without limitation, statements regarding:

• Service and product offerings;
• Receipt and use of proceeds;
• The deployment of assets and expansion of network procurement;
• Sharon AI's ability to engage with additional potential customers;
• Expansion of Sharon AI's data center footprint and capacity; and
• The strengthening of Sharon AI's partner network.

In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. You are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those set forth in these forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause actual results to differ materially from these forward-looking statements include, among others, all of the risks described in the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K filed with the SEC and other reports subsequently filed with the SEC. Additional assumptions, risks and uncertainties are described in detail in our registration statements, reports and other filings with the SEC, which are available at www.sec.gov.

The forward-looking statements and other information contained in this news release are made as of the date hereof and Sharon AI does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Contacts 

Media
media@sharonai.com

Investors
investors@sharonai.com

NEW YORK, July 27, 2026 /PRNewswire/ -- Sharon AI Holdings Inc. (NASDAQ: SHAZ) and its subsidiaries ("Sharon AI"), a leading Australian Neocloud, will release its second quarter 2026 financial results after the market closes on Thursday, August 6, 2026, followed by a conference call and webcast to discuss the results.

Conference Call and Webcast Details

Date & Time: Thursday, August 6, 2026, 4:30 p.m. ET
Webcast: Use this link
U.S. Dial-in: 888-506-0062
International Dial-in: 973-528-0011
Conference ID: 376509

A replay of the webcast will be available at sharonai.com/investors following the event.

About Sharon AI

Sharon AI is a leading Australian Neocloud delivering high-performance computing infrastructure for artificial intelligence workloads. Through its AI Cloud platform and GPU/CPU compute infrastructure, Sharon AI is accelerating the build of AI factories and sovereign AI solutions. For more information, visit www.sharonai.com.

Disclosure Information

Sharon AI primarily uses its Investor Relations page (https://sharonai.com/investors/) to disclose material non-public information and to comply with its disclosure obligations under Regulation FD. The Company also notes that, at times, it uses other communication mediums including, but not limited to, its X account (sharon__ai) and/or LinkedIn account (sharon-AI) to disseminate information about the Company, and can be additional sources of information outside press releases, regulatory filings with the SEC and any other conference calls, webcasts, investor days, etc. that the company may hold.

Contacts

Media
media@sharonai.com

Investors
investors@sharonai.com

NEW YORK, July 23, 2026 /PRNewswire/ -- Sharon AI Holdings Inc. (NASDAQ: SHAZ) and its subsidiaries ("Sharon AI" or "the Company"), a leading Australian Neocloud, today announced the appointment of Melissa Anastasiou as Chief Legal Officer (CLO).

This appointment further strengthens Sharon AI's executive leadership team as it continues to scale its AI Cloud platform and sovereign AI infrastructure.

Melissa brings more than two decades of experience across legal, finance and governance. Her appointment bolsters the leadership, risk oversight and enterprise readiness required to support disciplined execution of the Company's long-term growth strategy.

Melissa joins Sharon AI following more than 16 years at Spark New Zealand, where she served as Executive Group General Counsel and Commercial Director. During her tenure, she advised the Board and Executive Leadership Team on corporate governance, mergers and acquisitions, regulatory, privacy and cyber matters together with digital transformation. She also chaired Spark's AI & Data Ethics Committee, leading the development of enterprise AI governance and responsible data frameworks.

As Chief Legal Officer, Melissa will lead Sharon AI's legal, governance and compliance functions, with a focus on regulatory discipline, responsible AI practices and risk management as the business scales.

James Manning, Chief Executive Officer and Co-founder of Sharon AI, said:

"Melissa is an exceptional leader with deep experience supporting one of Australasia's largest and most complex technology organisations. Her appointment reflects our commitment to building a leadership team capable of supporting customers, partners and investors as AI becomes critical national infrastructure."

"As demand for sovereign AI infrastructure continues to accelerate, organisations expect world-class governance and operational excellence. Melissa significantly strengthens our ability to meet those expectations and position Sharon AI for its next phase of growth."

Melissa Anastasiou, Chief Legal Officer at Sharon AI, said:

"Artificial intelligence is transforming every industry, creating significant opportunities alongside new legal and governance requirements. My focus will be on building the legal and governance foundations that will support responsible execution and long-term growth."

The appointment is part of Sharon AI's investment in building one of the region's leading AI infrastructure teams. As the Company expands its AI cloud platform and sovereign AI capabilities, Sharon AI is attracting experienced executives from some of Australia and New Zealand's most respected technology organisations, creating high-value local jobs while building deep expertise across finance, legal and AI infrastructure.

This investment in local leadership and technical talent is intended to support Sharon AI's ability to serve a sophisticated customer base across Australia and internationally, while maintaining the governance and security standards expected of critical AI infrastructure.

About Sharon AI

Sharon AI is a leading Australian Neocloud delivering high-performance computing infrastructure for artificial intelligence workloads. Through its AI Cloud platform and GPU/CPU compute infrastructure, Sharon AI is accelerating the build of AI factories and sovereign AI solutions. For more information, visit www.sharonai.com.

Disclosure Information

Sharon AI primarily uses its Investor Relations page (https://sharonai.com/investors/) to disclose material non-public information and to comply with its disclosure obligations under Regulation FD. The Company also notes that, at times, it uses other communication mediums including, but not limited to, its X account (sharon__ai) and/or LinkedIn account (sharon-AI) to disseminate information about the Company, and can be additional sources of information outside press releases, regulatory filings with the SEC and any other conference calls, webcasts, investor days, etc. that the company may hold.

Forward-Looking Statements

This press release may contain, and our officers and representatives may from time to time make, "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, which are not historical facts, and which are not assurances of future performance. Forward-looking statements are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. In some cases you can identify these statements by forward-looking words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "could," "should," "would," "project," "strategy," "plan," "expect," "goal," "seek," "future," "likely" or the negative or plural of these words or similar expressions or references to future periods. Forward-looking statements in this release include specific statements regarding the intended use of proceeds. Examples of such forward-looking statements include but are not limited to express or implied statements regarding Sharon AI's management team's expectations, hopes, beliefs, intentions or strategies regarding the future including, without limitation, statements regarding:

• Service and product offerings;

• Receipt and use of proceeds;

• The deployment of assets and expansion of network procurement;

• Sharon AI's ability to engage with additional potential customers;

• Expansion of Sharon AI's data center footprint and capacity; and

• The strengthening of Sharon AI's partner network.

In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. You are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those set forth in these forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause actual results to differ materially from these forward-looking statements include, among others, all of the risks described in the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K filed with the SEC and other reports subsequently filed with the SEC. Additional assumptions, risks and uncertainties are described in detail in our registration statements, reports and other filings with the SEC, which are available at www.sec.gov.

The forward-looking statements and other information contained in this news release are made as of the date hereof and Sharon AI does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Contacts

Media
media@sharonai.com

Investors
investors@sharonai.com

NEW YORK, July 22, 2026 /PRNewswire/ -- SharonAI Holdings Inc. (NASDAQ: SHAZ) and its subsidiaries ("Sharon AI" or "the Company"), a leading Australian Neocloud, today announced the appointment of Mr. Anuj Goel as incoming Chief Financial Officer, strengthening the company's executive leadership team as it accelerates the expansion of its AI infrastructure platform.

Anuj joins Sharon AI after a distinguished 20-year career at Macquarie, most recently serving as Head of Technology, APAC at Macquarie Capital, where he advised boards, founders and investors on many of Australia's most significant technology, telecommunications, media and digital infrastructure transactions.

His appointment comes at a pivotal stage in Sharon AI's growth as the company continues to scale its AI cloud platform and expand its position as a provider of sovereign AI infrastructure.

Sharon AI also announced that Mr. Tim Broadfoot will step down as the incumbent Chief Financial Officer following a successful tenure in which he helped establish the company's financial foundations. The Board thanks Tim for his significant contribution and wishes him every success in the future. Tim will work closely with Mr. Goel over the next few months to ensure a seamless transition of responsibilities.

As Chief Financial Officer, Mr. Goel will lead Sharon AI's financial strategy, capital management, corporate development and financial operations, supporting the company's next phase of growth. Mr. Goel's first day in the role will be Monday, 24th of August.

Prior to leading Macquarie Capital's technology practice in the region, Mr. Goel spent six years in Macquarie's global Venture Capital team evaluating investment opportunities in Europe, North America and the Asia Pacific region. During this time, he developed experience across the investment lifecycle, including deal origination, financial analysis and valuation, business strategy and portfolio management, and supported the growth of companies including PEXA, Temple & Webster, oOh!media and RP Data (now Cotality) from an early stage.

James Manning, Chief Executive Officer and Co-founder of Sharon AI, said:

"Anuj brings an exceptional combination of financial leadership, capital markets expertise and deep knowledge of the technology and digital infrastructure sectors. As Sharon AI continues to scale, his experience advising many of the region's leading technology businesses and investors will be invaluable as we execute our long-term growth strategy."

"His appointment further strengthens our executive team and reflects the calibre of leadership we are assembling to build one of the world's leading AI infrastructure companies. We thank our outgoing CFO, Tim Broadfoot, for his significant contribution and wish him well for the future. Tim will continue to work within Sharon AI for some months in a handover with Anuj."

Anuj Goel, Chief Financial Officer of Sharon AI, said:

"Artificial intelligence is creating one of the most significant opportunities of our generation, and Sharon AI is uniquely positioned to help meet the growing demand for sovereign AI compute. I'm excited to join the company at such an important stage of its journey and look forward to working with the team to build a disciplined financial platform that supports long-term growth while delivering value for customers, partners and shareholders."

The appointment of Anuj Goel further strengthens Sharon AI's leadership team as the company continues to expand its AI cloud platform and invest in the infrastructure required to support the next generation of AI innovation.

Disclosure Information

Sharon AI primarily uses its Investor Relations page (https://sharonai.com/investors/) to disclose material non-public information and to comply with its disclosure obligations under Regulation FD. The Company also notes that, at times, it uses other communication mediums including, but not limited to, its X account (sharon__ai) and/or LinkedIn account (sharon-AI) to disseminate information about the Company, and can be additional sources of information outside press releases, regulatory filings with the SEC and any other conference calls, webcasts, investor days, etc. that the company may hold.

About Sharon AI

Sharon AI, a leading Australian Neocloud, is a High-Performance Computing company focused on Artificial Intelligence and Cloud GPU/CPU Compute Infrastructure. Our AI Cloud platform and compute infrastructure is accelerating the build of AI factories and sovereign AI solutions, powering the next wave of accelerated computing adoption. For more information, visit www.sharonai.com.

Forward-Looking Statements

This press release may contain, and our officers and representatives may from time to time make, "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, which are not historical facts, and which are not assurances of future performance. Forward-looking statements are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. In some cases you can identify these statements by forward-looking words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "could," "should," "would," "project," "strategy," "plan," "expect," "goal," "seek," "future," "likely" or the negative or plural of these words or similar expressions or references to future periods. Forward-looking statements in this release include specific statements regarding the intended use of proceeds. Examples of such forward-looking statements include but are not limited to express or implied statements regarding Sharon AI's management team's expectations, hopes, beliefs, intentions or strategies regarding the future including, without limitation, statements regarding:

• Service and product offerings;
• Receipt and use of proceeds;
• The deployment of assets and expansion of network procurement;
• Sharon AI's ability to engage with additional potential customers;
• Expansion of Sharon AI's data center footprint and capacity; and
• The strengthening of Sharon AI's partner network.

In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. You are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those set forth in these forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause actual results to differ materially from these forward-looking statements include, among others, all of the risks described in the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K filed with the SEC and other reports subsequently filed with the SEC. Additional assumptions, risks and uncertainties are described in detail in our registration statements, reports and other filings with the SEC, which are available at www.sec.gov.

The forward-looking statements and other information contained in this news release are made as of the date hereof and Sharon AI does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Contacts

Media Enquiries
media@sharonai.com

Investor Enquiries
investors@sharonai.com