Sharon AI, already trading on Nasdaq under ticker SHAZ, has pulled in $US1.6bn (about $2.3bn) in fresh capital far faster than expected. The raise, launched on a Friday in the US, wrapped up by Monday after the order book was reportedly covered several times.
Investor demand rides a wave of global AI enthusiasm, fuelled by recent blockbuster valuations and IPO speculation across the sector. Sharon plans to channel the money into a long-term Nvidia compute agreement, positioning the company as a major local infrastructure player.
Under a six-year compute pact with Nvidia, Sharon intends to deploy up to 40,000 Grace Blackwell GB300 GPUs, a high-end architecture built for large-scale AI workloads. The company originally targeted $US1bn, only to increase the size as orders surged.
Strong take-up in the US capital market highlights deep investor appetite for infrastructure-focused AI plays, not just model developers. Sharon frames the pact as the backbone of an AI factory in Australia, designed to support heavy-duty training and inference demands.
Deal mechanics hinge on locking in access to scarce top-tier chips, which remains one of the biggest bottlenecks in the AI arms race. Grace Blackwell GB300 GPUs combine CPU and GPU capability, improving performance and energy efficiency for data-intensive tasks compared with older generations.
Securing up to 40,000 of these units could give Sharon significant bargaining power with enterprise and government customers looking for sovereign or regional compute capacity. Investor interest reflects a view that whoever controls advanced AI infrastructure can capture durable utility-like revenue streams.
The frenzy around Sharon’s raise also sits inside a much larger AI capital cycle, where valuations for infrastructure and model companies expand rapidly. US fundraising momentum is helped by headline-grabbing milestones, including a private listing that now values a major space and AI player above Amazon and expectations of trillion-dollar IPOs for Anthropic and OpenAI.
Sharon’s ability to close a heavily oversubscribed book so quickly suggests Australian-linked AI assets can tap that same global pool of speculative and strategic capital. Attention now turns to how the company converts this funding and Nvidia access into sustainable returns once its planned ASX listing arrives.
