SharonAI Holdings Inc. is an Australian neocloud operator focused on AI and high-performance computing (HPC), providing GPU-as-a-Service, AI Studio (PaaS), and Cloud Storage Solutions. The company reported a net loss of $39.8 million for the fiscal year ended December 31, 2025, significantly wider than the $3.9 million loss in 2024. Revenue increased to $1.57 million in 2025 from $0.44 million in 2024, primarily driven by growth in GPU cloud services. Gross profit turned positive at $100,807 in 2025, compared to a gross loss of $(281,701) in 2024. Operating expenses surged, with Selling, General, and Administrative (SG&A) expenses rising to $12.12 million in 2025 from $2.37 million in 2024, reflecting foundational investments and professional fees. A significant non-cash loss of $26.03 million was recognized from the change in fair value of convertible notes issued in December 2025. The company completed a business combination with Roth CH Acquisition Co. in December 2025, leading to its listing on the OTC Markets under SHAZ, and subsequently on NASDAQ in February 2026, raising $125 million. SharonAI pivoted from a hybrid site development model to a pure-play neocloud operator, divesting its 50% interest in Texas Critical Data Center LLC (TCDC) for $70 million in January 2026. As of December 31, 2025, the company had $71.07 million in cash and cash equivalents. The company is heavily reliant on NVIDIA for GPUs and has secured up to 54MW of data center capacity with NEXTDC in Australia, with plans to deploy over 2,000 new NVIDIA B200/B300 GPUs in the first half of 2026. A material weakness in internal control over financial reporting related to accounting for complex financial instruments was identified as of December 31, 2025.