Nvidia isn’t just selling shovels anymore. It wants a percentage of the gold.
The chipmaker announced a six-year collaboration with Australian AI cloud provider SharonAI Holdings (NASDAQ: SHAZ) that goes well beyond the typical “we buy your GPUs” arrangement. Under this deal, Nvidia will supply hardware and, critically, take a share of the cloud service revenue that SharonAI generates from the resulting infrastructure.
The deal structure
SharonAI plans to deploy up to 72 megawatts of data center capacity in Australia, starting with an initial installation of 40,000 NVIDIA Grace Blackwell GB300 GPUs. The target is to exceed 55,000 total NVIDIA GPUs by mid-2027.
Nvidia’s revenue from this arrangement comes from two streams: traditional hardware sales, and a recurring cut of the cloud service revenue generated through the infrastructure.
