SharonAI climbs on $356 mln debt deal for AI expansion
01/10/2026 13:52
BUZZ-SharonAI climbs on $356 mln debt deal for AI expansion ** Australian AI infrastructure company SharonAI Holdings' SHAZ.O US-listed shares rise 1% to $55.61 premarket
** SHAZ secures a $356 million debt facility at 9.95% fixed rate to fund its AI infrastructure expansion
** Says funds will support planned deployment of more than 68,000 Nvidia GPUs by mid-2027 as it expands its AI computing capacity across Australia, New Zealand and the Asia-Pacific
** Average rating of 7 analysts for SHAZ is "buy"; median PT is $110 - data compiled by LSEG
** As of last close, SHAZ largely flat YTD
(Reporting by Jayasree Prabhu)
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SharonAI climbs on $356 mln debt deal for AI expansion
Brief: Sharon Ai Enters Into Gpu-Backed Debt Facility, Expanding Funding Flexibility For Ai Factory Deployments