SharonAI (SHAZ) investor relations material

Company overview and business model

• Operates as an Australian neocloud provider focused on AI and high-performance computing (HPC) infrastructure, offering GPU-as-a-Service, AI platform services, and cloud storage to enterprise, government, and research clients.

• Leverages partnerships with NVIDIA, NEXTDC, Cisco, Lenovo, VAST, and Megaport to deliver sovereign, low-latency, high-density GPU compute and storage solutions.

• Business model centers on scalable, on-demand GPU infrastructure, with a shift from usage-based to term-based, take-or-pay contracts for predictable multi-year revenue.

• Targets customers with large-scale AI/HPC needs, including hyperscalers, AI labs, and government agencies, emphasizing data sovereignty and compliance.

• Recent expansion includes major contracts in Australia and New Zealand, and a six-year, $4.88B collaboration with NVIDIA for AI factory deployments.

Financial performance and metrics

• For the six months ended June 30, 2026, revenue was $2.2M, up 217% from $0.7M in the prior year, driven by new GPU infrastructure customers.

• Net loss for the same period was $450.4M, reflecting significant non-cash losses from convertible note fair value adjustments and increased operating expenses.

• Cash and cash equivalents as of June 30, 2026, totaled $1.86B, bolstered by IPO proceeds and large private placements.

• Operating cash flow for H1 2026 was $23.2M, with $263.3M used in investing and $2.04B provided by financing activities.

• Major capital commitments include $6B in future infrastructure and equipment purchases to support contracted customer growth.

Use of proceeds and capital allocation

• No proceeds from the resale of shares by selling stockholders; company will not receive funds from this offering.

• Recent capital raises, including $900M in equity and $700M in convertible notes, are allocated to GPU procurement, data center expansion, and supporting large-scale AI factory deployments.

• Capital deployment strategy leverages customer prepayments, revenue share agreements, debt, and equipment financing to align hardware procurement with demand.