Sharon AI and Roth CH Merge to Boost AI/HPC Platform
Deal News | Jan 29, 2025 | EIN
Sharon AI Inc., a leader in High-Performance Computing (HPC) and Artificial Intelligence (AI), has announced a merger with Roth CH Acquisition Co., listed on OTC Markets as USCTF, to form an advanced AI/HPC cloud GPU platform. Sharon AI, which is a certified NVIDIA Cloud Partner, specializes in providing GPU Compute-as-a-Service from Tier IV co-location data centers and leads the industry with its expertise in AI/HPC applications. The business plans to enhance its current operations with GPU deployments and has also announced a significant joint venture with New Era Helium Inc. to develop a 250 Megawatt Net Zero Energy Data Center in Texas, promoting their expansion in both the Australian and US markets. The merger is expected to deliver strategic benefits, significantly aligning with the increasing corporate demand for AI-powered efficiency and productivity tools. The management teams of both organizations express their optimism in further expanding offerings to meet rising customer needs and advance the development of the new data center.
Sectors
- Artificial Intelligence
- High-Performance Computing (HPC)
- Cloud Computing
Geography
- United States – The article mentions Texas, USA, for the development of a new data center and highlights Roth CH's US operations.
- Australia – Sharon AI is recognized as a leader in AI and HPC within Australia, indicating its geographical relevance.
Industry
- Artificial Intelligence – The article centers around Sharon AI, an AI-focused company, showcasing advancements in AI applications and GPU computing power.
- High-Performance Computing (HPC) – Both companies are involved in HPC, emphasizing advanced computational tasks crucial for AI and large-scale data processing.
- Cloud Computing – Sharon AI provides GPU Compute-as-a-Service using cloud infrastructure, illustrating a focus within the cloud computing sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sharon AI Inc. | Target Company | Company | A High-Performance Computing (HPC) business focused on AI and Cloud GPU Compute Infrastructure. |
| Roth CH Acquisition Co. | Bidding Company | Company | Listed on OTC Markets as USCTF, it's making strategic acquisitions in AI/HPC sectors. |
| New Era Helium Inc. | Joint Venture Partner | Company | Collaborating with Sharon AI on a 250MW Net Zero Energy Data Center in Texas. |
| Wolf Schubert | CEO of Sharon AI Inc. | Person | CEO commenting on the strategic importance of the merger. |
| John Lipman | Co-CEO and Co-Chairman of Roth CH Acquisition Co. | Person | Co-CEO expressing enthusiasm about the merger. |