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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 $500 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 ...