Earnings ·
SharonAI Holdings Inc. reported second quarter 2026 financial results, posting revenue of $1.9 million and a net loss…
SHAZWSharonAI Holdings Inc.
SharonAI Holdings Inc. reported second quarter 2026 financial results, posting revenue of $1.9 million and a net loss of $(430.4) million, primarily driven by a $400.4 million non-cash fair value loss on convertible notes. The company holds $1.9 billion in cash and cash equivalents following a $1.6 billion private placement, $350 million convertible note offering, and the divestment of Texas Critical Data Centers. Total contract value reached approximately $8.8 billion, anchored by a six-year, $4.9 billion strategic compute collaboration with NVIDIA for up to 40,000 GB300 GPUs. Operational highlights include an expanded VAST Data partnership deploying 600PB of storage and capacity expansion from 132MW to 212MW. The company appointed Andrew Penn AO as Non-Executive Chairman and Anuj Goel as CFO. SharonAI Holdings Inc. operates in the artificial intelligence infrastructure industry, providing sovereign AI compute and data center services.