SharonAI Secures $356M Financing for Asia-Pacific Expansion

SharonAI Holdings (SHAZ) has secured $356 million in financing for its Asia-Pacific expansion plans. The funding comes from a senior secured debt facility backed by GPU assets, with a fixed interest rate of 9.95% and additional fees not disclosed.

The deal was led by Goldman Sachs and multiple private credit investors, and features a special purpose vehicle framework with security provided by SharonAI's GPU inventory and associated revenue streams. This is the company's inaugural GPU-backed financing facility, which will be used to deploy over 68,000 Nvidia GPUs by mid-2027.

According to James Manning, co-founder and CEO of SharonAI, this deal demonstrates the company's strategic approach to leveraging debt capital markets for GPU infrastructure funding. The financing structure aims to enhance return on equity metrics over the long term, and will support the company's AI platform expansion throughout the Asia-Pacific geography.

SharonAI has reported total institutional capital raises exceeding $2.6 billion through combined debt and equity instruments within the past 10 months. The company's revenue pipeline is robust, with a customer commitment portfolio valued at over $8.8 billion.