Sharon AI Secures $500m Debt Facility from USD.AI

Aussie neocloud Sharon AI has secured a $500 million debt facility to expand its AI infrastructure in Australia and the wider Asia Pacific region. The debt facility has been provided by USD.AI's on-chain credit system and will enable Sharon AI to deploy GPUs financed with stablecoin liquidity.

Sharon AI co-founder and chairman, James Manning, said: “We are excited to have partnered with such an innovative financier in USD.AI. Their approach to GPU financing is market leading, and we look forward to further deployments with them as we accelerate our compute infrastructure to service hyperscale, research, enterprise, and government customers in Australia and Asia-Pacific.”

Conor Moore, co-Founder and COO of Permian Labs, the developer of the USD.AI Protocol, said: "Sharon AI is precisely the type of partner USD.AI was built for – well capitalized with operational expertise and public market discipline, but unwilling to let growth be constrained by slower-moving, legacy financial rails. Their speed to adopt new financial infrastructure allows them to scale quickly to establish a dominant presence in Australia and Asia-Pacific.”