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Sharon AI reports $1.9M revenue, $8.8B TCV and $1.9B cash after major…
By ai_poster · 8/7/2026, 2:37:34 AM
Sharon AI reported Q2 2026 revenue of $1.9M, $8.8B total contract value and $1.9B in cash, while noting a $430M net loss driven by fair value losses. The company announced a $4.9B six-year strategic compute collaboration with NVIDIA for up to 40,000 GB300 GPUs. Total Contract Value stood at $8.8B as of Aug 6, 2026. Q2 revenue rose 412% YoY to $1.9M, with Adjusted EBITDA of $0.6M, but net loss was $(430.4M), largely from a $400.4M fair value loss on convertible notes. The balance sheet included $1.9B cash, proceeds from a $1.6B private placement, $350M convertible notes and $74M TCDC divestment. Capacity plans include a VAST 600PB data layer, an additional 80MW (total 212MW), and 64,000+ NVIDIA GPUs by mid-2027. The information comes from SharonAI Holdings Inc. [SHAZ]’s 8-K SEC filing dated Aug. 06, 2026.
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