Sharon AI Raises US$1.6 Billion to Expand AI Factory Infrastructure

Sharon AI raised US$1.6 billion in private placement financing to expand AI computing infrastructure. The Australian neocloud provider structured the deal with US$900 million from common stock and warrants, plus US$700 million in 4.75% Convertible Senior Notes due 2032. Situational Awareness and Oaktree Capital Management anchored the transaction.