SharonAI down; signs $1.32 billion cloud computing services deal
16/07/2026 15:04
BUZZ-SharonAI down; signs $1.32 billion cloud computing services deal Updates
** Shares of Australia-based neocloud firm SharonAI SHAZ.O fall 3.8% to $68.6
** Co signs $1.32 billion five-year cloud computing services agreement with a global AI lab
** SharonAI expects to deploy cloud computing infrastructure across data centers in New Zealand
** Co says revenue from the contract is expected to begin in the first and second quarters of 2027
** SHAZ has risen more than 100% since going public in February
(Reporting by Anzar Mehraj in Bengaluru)
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