Australian-founded tech company Sharon AI has surged on Wall Street overnight after signing a $1.8bn data centre deal.
Sharon AI will put thousands of high-performance AI chips into data centres in Sydney and Melbourne.
Bolstering the data centres will power research, government and business computing, the company says.
Listed on the Nasdaq exchange in the US, the company announced the $1.8bn deal on Wednesday US time.
Shares in Sharon AI rose 21.5 per cent, taking the company’s valuation to $US440m ($A657m).
Founded in Sydney by James Manning, Andrew Leece and Nick Hughes-Jones, Sharon AI, with the Nasdaq company code of SHAZ, does not build data centres but installs and runs equipment in existing centres – making the company a “neocloud” operator.
Under the deal, the company will install about 8200 Nvidia chips in the NEXTDC data centres in Melbourne and Sydney, along with 17.8 petabytes (17,000 terabytes) of storage.
Sharon AI already operates a grouping of the Nvidia AI processor GPU chips at NEXTDC’s M3 data centre.
The company listed on the Nasdaq in February, raising $US125m.
Capital Brief reports the firm is looking at listing on the ASX before July 1.
Full-year financial results posted on Wednesday show the company has more than tripled revenue to $US1.57m ($A2.28m) this year on the back of its cloud services.
The financial results also revealed a deal with Canva.
