Sharon AI Lands $356M GPU-Financed Debt Facility

Sharon AI, an Australian cloud provider building AI infrastructure, has secured a $356 million senior secured debt facility backed by its GPUs. The facility is priced at a fixed 9.95%, excluding fees, with Goldman Sachs and select private credit funds among the investors.

The money will fund compute infrastructure tied to customer contracts, advancing Sharon AI's plan to deploy over 68,000 NVIDIA GPUs by mid-2027. This is part of an expected series of GPU financings as the company targets gigawatt-scale capacity across Australia, New Zealand, and the wider Asia-Pacific.

With this close, Sharon AI has raised over $2.6 billion in institutional debt and equity over the past 10 months. Its book of contracted customer offtake now stands at a total contract value of over $8.8 billion.