Sharon AI Announces $356 Million GPU-Backed Loan

T1Covered by 1 source · first reported by The Information (teasers) at 01 Oct, 16:32 UTC

Australian neocloud Sharon AI has secured $356 million through its first loan backed by its graphics processing units, making it the latest cloud provider to finance their expansion by borrowing against chips and cash flows from customer contracts. The senior secured facility carries an interest ...