SharonAI Holdings Inc. 8-K

What Happened
SharonAI Holdings Inc. (through its wholly‑owned subsidiary) announced on March 31, 2026 that it entered a Master Services Agreement (MSA) and Service Order No. 1 with ESDS Software Solutions Limited and certain subsidiaries to provide managed GPU compute and cloud infrastructure. The Service Order commits the Company to deploy and operate an AI Cloud Infrastructure in Australia — roughly 8,200 NVIDIA B300 GPUs and ~17.80 petabytes of VAST storage — to be delivered by September 16, 2026, subject to the agreements’ terms. A press release was issued under Regulation FD on April 1, 2026.

Key Details

• Total contract (Service Order) value: approximately USD $1,250,000,000.
• Service Order initial term: 60 months (option for Customer to extend 24 months); MSA initial term: 7 years from the Effective Date.
• Deployment deadline: by September 16, 2026 (subject to agreement terms).
• Customer security: letters of credit or bank guarantees totaling USD $140,000,000; service fees payable monthly in advance.
• Service levels and limits: MSA targets 99.95% annual uptime; Customer cannot terminate for convenience during the first 36 months; termination payments apply on early termination.
• No prior material relationship between the parties other than these Agreements.

Why It Matters
This is a large, multi‑year commercial commitment for SharonAI — a potential $1.25 billion contract value tied to delivering and operating a substantial GPU/cloud deployment. For investors, key items to watch are timely delivery (Sept 16, 2026 target), the Company’s ability to achieve the required uptime/service levels, and the posted customer security (USD $140M) that helps mitigate payment risk. The MSA also sets terms on IP, data protection, liability and termination that will govern future service orders between the parties. Copies of the MSA and Service Order will be filed with the Company’s next Form 10‑Q.