Sharon AI launches a strategic $100 million funding round to accelerate its high-performance computing infrastructure, setting the stage for a highly anticipated public debut via a merger with Roth CH Acquisition Co. in early 2026.
Sharon AI, the Australian-born specialist in High-Performance Computing (HPC) and GPU-as-a-Service, has formally commenced a $100 million capital raising campaign. This aggressive financing maneuver, announced on Monday, is designed to bolster the company’s balance sheet as it finalizes its transition to the public markets. Industry insiders report that the capital injection will be pivotal for scaling operations across its expanding data center footprints in Texas and Australia before the company completes its business combination with the special purpose acquisition company Roth CH Acquisition Co. (NASDAQ: USCT) in the first half of 2026.
Fueling the AI Infrastructure Boom
The decision to raise fresh capital comes amidst an insatiable global demand for AI compute power. Sharon AI intends to utilize the proceeds primarily to procure next-generation hardware, specifically Nvidia’s advanced H200 and B200 GPUs. These assets are critical for the company’s flagship “sovereign cloud” offerings, which cater to enterprise and government clients requiring secure, low-latency processing for generative AI workloads.
“We are currently in a land-grab phase for compute capacity,” noted a source close to the deal. “This funding ensures that Sharon AI can lock in supply chains and energize its new facilities without waiting for the post-merger liquidity.”
The Texas Expansion Strategy
A significant portion of the funds is earmarked for the company’s massive project in West Texas. Just weeks ago, Sharon AI expanded its land holdings for this development to a total of 438 acres. The site, developed in a joint venture, is projected to support a capacity of up to 1 Gigawatt (GW) once fully operational. The immediate capital will accelerate engineering and civil works, ensuring that the first phase of the data center comes online in alignment with the 2026 public listing timeline.
Additionally, the company is deepening its partnership with NEXTDC, recently signing an agreement to secure an additional 50 megawatts (MW) of capacity across the Asia-Pacific region. This dual-hemisphere strategy allows Sharon AI to offer “follow-the-sun” support for global research institutions and AI startups.
The Path to NASDAQ
The $100 million raise serves as a critical bridge to Sharon AI‘s ultimate goal: a NASDAQ listing. By merging with Roth CH Acquisition Co., the company aims to access the deeper capital markets of the United States. Analysts view this pre-IPO raise as a vote of confidence from institutional investors, validating the company’s business model which pivots away from generic cloud hosting toward specialized, high-margin AI infrastructure.
If successful, this transaction will position Sharon AI as one of the few pure-play public equities in the GPU-as-a-Service sector, offering investors a direct alternative to hardware manufacturers like Nvidia or massive hyperscalers like Microsoft.
1 Comment
It’s exciting to see an Australian company making big moves in the high-performance computing space. With the expansion in both Texas and Australia, Sharon AI seems well-positioned for growth ahead of its public listing. Curious to see how this will impact the HPC market overall.