Sharon AI Holdings

AI Infrastructure · Cloud Computing · Data Centers

Milestone

Canva reportedly a key investor in Nasdaq-listed neocloud Sharon AI

The design platform is also a paying customer, blurring the line between backer and customer in the AI compute supply chain.

• Australian Financial Review's Street Talk column reported on Aug. 16 that Canva, the design software company, is among the major investors backing Sharon AI Holdings, the Nasdaq-listed neocloud operator.
• Sharon AI runs GPU-based 'neocloud' data centers across Australia and New Zealand, partnering with Nvidia, NEXTDC, Cisco and Lenovo, and has traded on Nasdaq as SHAZ since a December 2025 SPAC merger with Roth CH Holding.
• Canva is also a paying customer: SEC filings disclose a multi-year AI infrastructure take-or-pay contract between Canva and Sharon AI, alongside deals with GMI Cloud and ESDS Software Solutions.
• Sharon AI reported $8.8 billion in year-to-date total contract value and roughly $2.2 billion in cash secured since December 2025, including a $4.9 billion, six-year Nvidia deal for 40,000 GB300 GPUs.
• The company has layered convertible debt to fund its buildout, including $350 million of 6.00% notes due 2031 and $691.7 million of 4.75% notes due 2032, alongside tens of millions of resale shares.
• Sharon AI is one of a growing crop of regional 'neocloud' GPU operators, alongside CoreWeave and Nebius, tapping public capital markets and convertible debt to build capacity ahead of confirmed demand.
• Canva's dual role as customer and investor illustrates a pattern in AI infrastructure deals where major buyers also become financial backers of the compute providers they depend on.