Wire

Why I bought a small position in SharonAI (SHAZ)

By David Han · Swing Trader / Site Operator · July 5, 2026

Disclosure: I (David Han) hold 100 shares of $SHAZ (around $6,500), bought Thursday near the lows. This is a short-term trade, not a long hold. I am a swing trader and chart reader. I am not a financial advisor and nothing here is investment advice. Do your own research.

Key points

SharonAI (SHAZ) is a small, risky AI data center stock. I bought 100 shares Thursday near the lows around $65 as a starter position.
Leopold Aschenbrenner's fund maxed out at 19.9% of SHAZ, tied to a $1.6 billion Nvidia financing. His fund also holds about 20% in Anthropic directly, which regular investors cannot buy.
Anthropic is reportedly eyeing a 1.4 gigawatt, $15 billion data center buildout in Australia. Nothing is confirmed and SharonAI has not been named as a partner.
This one carries real risk. A short report in April accused the CEO of self-dealing at his last company and questioned SharonAI's biggest contract.

Quick one on a small, dumb-on-purpose buy. I picked up 100 shares of SharonAI (SHAZ) Thursday near the lows around $65. Think of it as a first date, not a marriage. Here's why, and there's a wild Anthropic angle you need to hear.

So why did I buy this?

SharonAI runs GPU data centers for AI companies, the kind of business people call a "neocloud," meaning you rent Nvidia racks instead of building your own. It just landed a six-year Nvidia deal, up to 40,000 GB300 GPUs in Australia, backed by a $1.6 billion raise. The stock has been a rocket and a mess this year, sometimes on the same day. Under a dollar last summer. Almost $100 in June. Around $65 to $68 now. That is the kind of chart that gives me a headache and also gets my attention.

Then there's Leopold, and it gets weird

Here's the real reason I looked at this one. Leopold Aschenbrenner runs a hedge fund called Situational Awareness, and it's reportedly up huge betting on AI. His firm built a stake in SHAZ right up to 19.9 percent, suspiciously close to the legal line where bigger disclosure rules kick in. I follow his filings on our fund tracker because when a guy this deep in AI makes a move, I want to know, not because I think I'm smarter than him.

People call SharonAI "the Anthropic play." Here's the actual story. SharonAI has no confirmed deal with Anthropic. Its real partner is Nvidia. The Anthropic tie runs through Leopold, not the company. About 20 percent of his fund sits directly in Anthropic, a stake reportedly worth billions, and he is also engaged to Avital Balwit, chief of staff to Anthropic's CEO. You and I cannot buy Anthropic. It is private. Riding along on Leopold's public bets, like SHAZ, is about as close as regular guys like us get.

Here's the part that got me curious, and it broke after I already owned the shares. We went deeper on this today. A leaked tender document reported by Australian media shows Anthropic wants 1.4 gigawatts of data center capacity in Australia, close to $15 billion, with about 1 gigawatt online by the end of 2027. Nothing is decided yet, a call is expected in about six weeks, and SharonAI already builds data centers there, so it is at least in the conversation. But Anthropic's confirmed compute partners are Microsoft Azure, Amazon, and Google, not SharonAI, at least not yet. This is a real "what if," the fun kind, not a reason to bet the rent.

The risks, because I'm not blind

This is a small, risky stock, and here's why. A short seller called Bleecker Street Research put out a report in April going hard after this company. SharonAI's biggest contract is worth $1.25 billion, with an Indian company called ESDS, paying around $250 million a year. ESDS itself only reported $39.9 million in revenue and $69.5 million in total assets last year. I am no accountant, but that math does not work.

The report also goes after CEO James Manning directly. His old company, Mawson Infrastructure, is suing him, claiming he moved $11.5 million through a shipping company he controlled without telling the board. That is an accusation, not a conviction, but it is not nothing either. The same report also flags part of SharonAI's $500 million debt facility as possibly not fully backed. None of this makes me feel good, and it is exactly why this stays small.

So where I land

I like the Nvidia deal. I like that a guy this deep in AI is willing to max out a stake here. The Anthropic tender is a fun story I am watching, not something I am trading on yet. I do not love the math on that anchor contract, or a CEO getting sued for moving money behind his own board's back. So I bought near the lows, treating it like a scratch-off ticket, not a stock I plan to marry. If it goes to zero, I will shrug and move on. If Anthropic shows up here, that is a bonus I never paid for. I am looking for a quick bounce, not a long-term hold.

This is not investment advice, obviously. I hold SHAZ and I am biased about my own bag. Do your own research before buying anything, especially a name with this much real, documented drama attached to it.

Frequently asked questions

Does David Han hold SharonAI (SHAZ) stock?

Yes. David Han disclosed a small position in SHAZ bought Thursday, July 2, 2026, near the lows around $65. He is a swing trader, not a financial advisor, and this is not investment advice.

What is SharonAI's connection to Nvidia?

SharonAI signed a six-year strategic compute deal with Nvidia to deploy up to 40,000 Grace Blackwell GB300 GPUs at a data center in Australia, adding 72 megawatts of AI compute capacity. It raised $1.6 billion through stock, warrants, and convertible notes to fund the buildout.

Is SharonAI really "the Anthropic play"?

Not directly, and not confirmed. SharonAI has no confirmed business relationship with Anthropic; its real partner is Nvidia, and Anthropic's own confirmed compute partners are Microsoft Azure, Amazon, and Google. The connection runs through the investor: Leopold Aschenbrenner's hedge fund, Situational Awareness LP, holds roughly 20% of its assets directly in privately held Anthropic, worth a reported billions, and Aschenbrenner is also personally engaged to Avital Balwit, chief of staff to Anthropic CEO Dario Amodei. The same fund separately maxed out a near-19.9% stake in SharonAI, which is why the two names get associated.

Does Anthropic have a data center deal with SharonAI in Australia?

No confirmed deal exists. A confidential tender document reported by Australian media shows Anthropic is seeking to secure about 1.4 gigawatts of data center capacity in Australia for roughly $15 billion, with a final investment decision expected in about six weeks and the project possibly split across several contracts. SharonAI, an Australian AI data center operator, has not been named as a partner in that tender. It is a speculative angle worth watching, not a confirmed catalyst.

What did the Bleecker Street short report say about SharonAI?

Bleecker Street Research published a report in April 2026 raising three concerns: SharonAI's $1.25 billion anchor contract is with an Indian company, ESDS Software Solutions, that itself reported only $39.9 million in revenue and $69.5 million in total assets for the year; CEO James Manning is being sued by his former company, Mawson Infrastructure Group, over allegedly routing $11.5 million through a shipping company he controlled without board disclosure; and part of SharonAI's $500 million debt facility comes from a crypto lending protocol that may not have the full amount available to lend.

Why did David Han keep his SharonAI position small?

Because of the risks raised in the Bleecker Street report, especially the questionable math behind SharonAI's largest contract and the pending self-dealing lawsuit against the CEO. He described the position as a small, high-risk bet on the AI data center boom rather than a core holding.

Is SHAZ a good stock to buy?

This is not investment advice. SharonAI has a real Nvidia partnership and a well-known AI investor building a stake, but it also faces credible, documented allegations about its largest contract and its CEO. Anyone considering it should weigh both sides, size any position for real risk, and do their own research.

David Han · Swing Trader / Site Operator

David Han runs AIStockWire and trades the market himself. He's a swing trader and chart reader who writes about AI and tech stocks, shares the positions he holds, and is honest about the wins and the losses. He's not a financial advisor, and nothing he writes is investment advice.