AI infrastructure firm secures up to $500 million onchain loan after bypassing banks
Yahoo Finance·2026-01-22 23:25

Sharon AI, an Australian high-performance computing company, said Thursday it had secured up to 500millioninfinancingfromblockchainbasedlenderUSD.AItoscaleitsGPUinfrastructureacrosstheAsiaPacificregion.Thefundswillsupportthedeploymentofcomputesystemsusedtotrainandrunlargeartificialintelligencemodels,includinganinitial500 million in financing from blockchain-based lender USD.AI to scale its GPU infrastructure across the Asia-Pacific region. The funds will support the deployment of compute systems used to train and run large artificial intelligence models, including an initial 65 million rollout expected to begin this quarter, the company said. The agreement, per a press release shared with CoinDesk, enables Sharon AI to ...