Australian neocloud Sharon AI has secured a cloud computing infrastructure agreement with an unnamed customer valued at $950 million.

The agreement will see the Aussie firm deploying compute capacity at multiple NextDC data centers in Australia for the mystery customer.

Described only as a "global technology company with major Asia-Pacific presence," the company will take on capacity for a period of five years. Sharon AI expects to begin generating revenue from the agreement by the end of Q3 2026, with further deployments bringing in revenue in Q4 2026.

The capacity will utilize Vast Data's AI Operating System to unify the storage, database, compute, and real-time processing.

James Manning, co-founder and CEO of Sharon AI, said: “We are thrilled to continue to expand our AI Cloud business, building and deploying the latest cloud computing infrastructure in Australia with NextDC and Vast Data. This contract follows on from our previously announced agreements in the region, and our customer pipeline continues to grow. We continue to see strong demand across enterprise, hyperscale, research, and AI native sectors throughout Australia and Asia-Pacific.”

David Dzienciol, chief customer officer and chief commercial officer at NextDC, added: “We are pleased to strengthen our partnership with Sharon AI, and to see compute infrastructure deployed across our facilities in Australia.”

NextDC lists 18 data centers in operation in the Asia Pacific region. In Australia, it has locations in Sydney, Melbourne, Brisbane, Perth, Port Hedland, Canberra, Adelaide, Darwin, the Sunshine Coast, and Newman.

Just last month, Sharon AI signed a cloud capacity agreement in Australia with ESDS Software Solutions valued at $1.25bn and set to span five years. The company did not state which data center partner in Australia would be worked with on that deal.

In Australia, Sharon AI currently leases capacity in Equinix's SYD3 and SYD5 in Sydney, and in NextDC's M3 facility in Melbourne. The neocloud listed on the Nasdaq stock exchange in February 2026 with a $125m IPO.

According to that filing, the company had just 432 GPUs and 195 CPUs online across its footprint in Australia as of September 2025.

The company now lists a "supercluster" with 1,000 B200s on its website, which was announced in January 2026 and set to be housed at the NextDC Melbourne location.

According to a filing by SharonAI on May 15, the company saw a revenue of $294,012 for its GPU infrastructure offering for the quarter ending March 31, 2026, with no income from cryptomining. The quarter prior brought in $243,970 for GPUaaS, plus $80,633 for cryptomining.