🇦🇺Sharon AI (Nasdaq: SHAZ) held $1.9 billion cash after a $1.6 billion placement and $350 million convertible-notes offering.

Sharon AI Holdings reported $1.9 billion of cash and cash equivalents as of June 30, 2026. The company said its near-term build-out was funded following an oversubscribed $1.6 billion private placement, a $350 million convertible-notes offering and accelerated receipt of $74 million from divesting Texas Critical Data Centers.

Second-quarter revenue was $1.9 million, up 412% from the corresponding 2025 period. The company reported a $430.4 million net loss, including $423.8 million of non-cash items, principally a $400.4 million fair-value loss on convertible notes caused by share-price appreciation; adjusted earnings before interest, taxes, depreciation and amortization were $0.6 million.

The filed 10-Q shows that Sharon AI generated $1,931,381 from GPU infrastructure services during the second quarter and no digital-asset-mining revenue. The company had ceased its Filecoin-related operations during 2025 to focus on its GPU-as-a-Service business, and its December 2025 business combination resulted in the current Nasdaq-listed Sharon AI Holdings structure.