SharonAI Holdings [SHAZ]
As of: 2026-07-29 · Framework: v1.5.1 / criteria.md 2026-07-29 · Type: MEASURED — dated events that would confirm or refute the implied path. Consumed by monitoring; blocks nothing.
Every date below is either taken from a filing or explicitly marked as an inference from filing history. Per the brief: a fabricated catalyst date is worse than an absent calendar. Nothing here is invented.
| Date | Event | Source | Why it matters |
|---|---|---|---|
| January 2025 | Texas Critical Data Center LLC 50:50 JV formed with New Era Energy & Digital — Permian Basin datacenter with a natural-gas-fired power plant | 10-Q Q1 2026 | context for the pivot |
| Q2 2025 | Filecoin storage operations CEASED | 10-Q Q1 2026, verbatim | already occurred. This is the business that generated the base of the screen's 257.4% CAGR |
| December 2025 | Strategic pivot announced — from hybrid site development to "pure-play neocloud operator for the short term." 50% of TCDC sold to New Era for US$70m, modified to ~$74m | 10-Q Q1 2026 | already occurred. SHAZ exited its only power asset |
| January 2026 | US$103m pre-IPO raise in unsecured convertible notes; Digital Alpha Advisors (Cisco collaboration agreement) participates and remains a strategic shareholder | 10-Q Q1 2026 | already occurred |
| 2026-02-19 | IPO (424B4) | EDGAR | already occurred. Trading history begins — five months as of this analysis |
| 2026-03-31 | 10-K FY2025 filed | 0001493152-26-014068 |
already occurred. Contradicts the brief's premise that no financial statements exist |
| April 2026 | Remaining principal received under the US$50.0m Senior Secured Convertible Promissory Note from New Era | 10-Q Q1 2026 | already occurred |
| 2026-04-26 / 2026-04-30 | $350,000,000 of 6.00% Convertible Senior Notes due 2031 placed with QIBs, conversion price ~$48.24; proceeds for "GPU and network" | 10-Q Q1 2026 | already occurred — though the same 10-Q says both that it closed and that it "has not yet closed" |
| 2026-05-13 | Additional customer contract with "a global technology company with major Asia-pacific" presence | 10-Q Q1 2026 | counterparty not named, value not disclosed, term not disclosed. No dated revenue consequence can be stated |
| May 2026 | Long-term agreements for ~29.6MW of third-party datacenter capacity | 10-Q Q1 2026 | fixed obligations. No provider named, no value, no term |
| "beginning in late 2026" (company language; no month given) | The ~29.6MW of capacity commences | 10-Q Q1 2026, verbatim | the only forward operational event SHAZ discloses — and it is a cost commencing, not a revenue |
| ~August 2026 (estimated from the 2026-05-15 Q1 filing date; NOT company-confirmed) | Q2 2026 10-Q | filing cadence | does revenue exceed $294k? Does gross margin turn positive? Is the 2026-05-13 customer quantified? |
| 2031-05-01 | $350m convertible notes mature | 10-Q Q1 2026 |
What is absent, and it is the point. SHAZ discloses no remaining performance obligations, no contract values, no counterparty names and no dated revenue schedule. WYFI — the comparable pure-play — publishes an audited RPO table running to 2030 and beyond. The contrast is the clearest single argument for WYFI over SHAZ in this cluster, and it is a disclosure difference, not an opinion.
Per the brief, no revenue date is asserted for the unnamed customer contract or the ~29.6MW, because none is disclosed. A fabricated catalyst date is worse than an absent calendar.
| Date | Event | Why it matters to SHAZ |
|---|---|---|
| 2028 (protocol-determined) | Bitcoin halving | halves the block reward on the mining leg. Not a forecast — it is in the protocol |
| continuous | Global network hashrate / difficulty | IREN's 10-Q quantifies the mechanism: its own hashrate rose to 36.0 EH/s and it still mined fewer bitcoin, because implied global hashrate rose faster. The denominator always grows |
| 2026-12-31 | CORZ's hosted-mining operations conclude | removes a competitor's hosted capacity from the market |
| Q3 2026 | WYFI's $865m Nscale contract reaches full revenue contribution | the cluster's cleanest read on realised contracted AI economics — a live benchmark for every claimed pipeline |