Sharon AI secures US$356 million GPU-backed debt facility at 9.95%

  • SharonAI secured its first US$356 million GPU-backed senior secured debt facility.
  • The facility carries a fixed 9.95% rate and supports more than 68,000 planned NVIDIA GPU deployments.
  • SharonAI partnered with VAST Data to add confidential AI capabilities to its AI Factory platform.

SharonAI Holdings Inc. (NASDAQ: SHAZ) secured its first US$356 million senior secured GPU-backed debt facility at a fixed 9.95% rate, excluding fees. The facility is backed by GPUs and related cash flows and includes Australian, Asian and global investors, including Goldman Sachs and select private credit funds. Proceeds will support the planned deployment of more than 68,000 NVIDIA GPUs by mid-2027 across Australia, New Zealand and the broader Asia-Pacific region, with infrastructure tied to customer contracts representing more than US$8.8 billion in total contract value. The financing takes SharonAI's institutional debt and equity capital secured over the past 10 months above US$2.6 billion. Shares were down 7.60% at US$50.45 at publication after earlier declines on Sept. 23, Sept. 25 and Sept. 28 and modest recoveries on Sept. 29-30. SharonAI also disclosed a collaboration with VAST Data to integrate VAST DataEnclave into its AI Factory platform, enabling locally processed AI models in a hardware-isolated environment with cryptographic attestation. The company's estimated Nov. 15, 2026 earnings report carries forecasts for an 85-cent loss per share and US$32.05 million in revenue. Analyst consensus is Buy with an average price target of US$85.60.

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