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Business Wire
14-07-2025
- Business
- Business Wire
SHARON AI Announces Several Milestones for Intended 250MW AI Data Center Joint Venture in Texas
NEW YORK--(BUSINESS WIRE)--Sharon AI, Inc. ('SHARON AI'), a High-Performance Computing ('HPC') business focused on Artificial Intelligence ('AI') Compute Infrastructure which recently announced entry into a Business Combination Agreement with Roth CH Acquisition Co. (OTC Markets:USCTF), today provided an operational update for its joint venture, Texas Critical Data Centers LLC ('TCDC'), regarding an intended 250MW data center project in Ector County, Texas. TCDC, SHARON AI's joint venture with New Era Helium Inc. ('New Era Helium'), has signed a non-binding Letter of Intent with a prospective global enterprise customer. Under the terms outlined, the prospective customer may acquire land from TCDC and potentially enter into a power purchase agreement for up to 250 megawatts of behind-the-meter electricity, facilitated by TCDC, to support advanced data center operations and AI compute infrastructure. TCDC also announced that it has signed a second non-binding Letter of Intent with Grow Odessa, an economic development corporation, for the planned acquisition of an additional 203 acres, for a total of 438 acres. Grow Odessa assists local businesses with expansion and focuses on attracting new compatible industry to Odessa. TCDC expects to sign a definitive agreement for the acquisition of the initial 235 acres this month. Furthermore, TCDC received a proposal from the operator of a nearby gas transmission pipeline for natural gas transportation services. Work is continuing on overall site due diligence and planning for the air permit. The next project milestones are expected to include further updates on natural gas supply and the anticipated behind-the-meter power plant. Wolf Schubert, CEO of SHARON AI, commented 'We are pleased with our progress to date in the development of this project, particularly our engagement with a prospective global enterprise customer who is contemplating building a large-scale AI data center. This reflects the growing demand for AI compute infrastructure and the energy to run it.' About SHARON AI SHARON AI, Inc., is a High-Performance Computing company focused on Artificial Intelligence and Cloud GPU Compute Infrastructure. SHARON AI has a hybrid operational model that sees it deploy in co-location data centers as well as developing data center projects. With the expected addition of NVIDIA H200's to the company's GPU fleet in 2025, SHARON AI expects to be able to offer a wide range of AI/HPC GPUs as a Service (GPUaaS), including NVIDIA H200, H100, L40S, A40, RTX3090 and AMD MI300X. For more information, visit: About Roth CH Acquisition Co. Roth CH Acquisition Co. (OTC Markets: USCTF) is a blank check shell domiciled in the Cayman Islands. The company intends to enter into a business combination with a growth company to go public in the US markets through a reverse merger. No Offer or Solicitation This communication is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any proxy, consent, authorization, vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made, except by means of a prospectus meeting the requirements of the U.S. Securities Act of 1933, as amended. Additional Information About the Proposed Transaction for Investors and Shareholders In connection with the proposed transaction between Roth CH Acquisition Co. ('Roth CH') and SHARON AI (the 'Proposed Transaction'), Roth CH (or a subsidiary of Roth CH) has filed and intends to update relevant materials with the U.S. Securities and Exchange Commission (the 'SEC'), including a registration statement on Form S-4, initially filed in June 4 th, 2025, as amended, containing a proxy statement/prospectus of Roth CH. This press release is not a substitute for the registration statement or for any other document that Roth CH may file with the SEC in connection with the Proposed Transaction. SHARON AI AND ROTH CH URGE INVESTORS AND STOCKHOLDERS TO READ THE REGISTRATION STATEMENT, PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT ROTH CH, SHARON AI, THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors and stockholders will be able to obtain free copies of the proxy statement/prospectus and other documents filed by Roth CH with the SEC (when they become available) through the website maintained by the SEC at In addition, investors and stockholders should note that Roth CH communicates with investors and the public using its website ( where anyone will be able to obtain free copies of the proxy statement/prospectus and other documents filed by Roth CH with the SEC, and stockholders are urged to read the proxy statement/prospectus and the other relevant materials when they become available before making any voting or investment decision with respect to the Proposed Transaction. Participants in the Solicitation Roth CH, SHARON AI and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from stockholders in connection with the Proposed Transaction. Information about Roth CH's directors and executive officers including a description of their interests in Roth CH is included in Roth CH's most recent Annual Report on Form 10-K, including any information incorporated therein by reference, as filed with the SEC. Additional Information regarding these persons and their interests in the transaction will be included in the proxy statement/prospectus relating to the Proposed Transaction when it is filed with the SEC. These documents can be obtained free of charge from the sources indicated above. Forward Looking Statements: This press release may contain forward-looking statements that are not historical facts. Forward-looking statements are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and other future conditions. In some cases you can identify these statements by forward-looking words such as 'believe,' 'may,' 'will,' 'estimate,' 'continue,' 'anticipate,' 'intend,' 'could,' 'should,' 'would,' 'project,' 'plan,' 'expect,' 'goal,' 'seek,' 'future,' 'likely' or the negative or plural of these words or similar expressions. Examples of such forward-looking statements include but are not limited to express or implied statements regarding Roth CH's or SHARON AI's management team's expectations, hopes, beliefs, intentions or strategies regarding the future including, without limitation, statements regarding: the Proposed Transaction; expectations regarding service and product offerings and the developments of TCDV. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. You are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those set forth in these forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include: the risk that the conditions to the closing or consummation of the Proposed Transaction are not satisfied, including the failure to obtain stockholder approval for the Proposed Transaction; uncertainties as to the timing of the consummation of the Proposed Transaction and the ability of each of Roth CH and SHARON AI to consummate the transactions contemplated by the Proposed Transaction; risks related to Roth CH's and SHARON AI's ability to correctly estimate their respective operating expenses and expenses associated with the Proposed Transaction, as applicable, as well as uncertainties regarding the impact any delay in the closing would have on the anticipated cash resources of the resulting combined company upon closing and other events and unanticipated spending and costs that could reduce the combined company's cash resources; the occurrence of any event, change or other circumstance or condition that could give rise to the termination of the Proposed Transaction by either company; the effect of the announcement or pendency of the Proposed Transaction on Roth CH's or SHARON AI's business relationships, operating results and business generally; costs related to the business combination; the outcome of any legal proceedings that may be instituted against Roth CH, SHARON AI, or any of their respective directors or officers related to the business combination agreement or the transactions contemplated thereby; the ability of Roth CH or SHARON AI to protect their respective intellectual property rights; competitive responses to the Proposed Transaction; unexpected costs, charges or expenses resulting from the Proposed Transaction; whether the combined business of Roth CH and SHARON AI will be successful; legislative, regulatory, political and economic developments; and additional risks described in the 'Risk Factors' section of Roth CH's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 filed with the SEC. Additional assumptions, risks and uncertainties are described in detail in our registration statements, reports and other filings with the SEC, which are available at You are cautioned that such statements are not guarantees of future performance and that our actual results may differ materially from those set forth in the forward-looking statements. The forward-looking statements and other information contained in this news release are made as of the date hereof and neither Roth CH nor SHARON AI undertakes any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Time of India
23-05-2025
- Business
- Time of India
IndiaAI Mission GPU tender round 2: All seven shortlisted bidders clear technical round
All the seven shortlisted companies have qualified in the technical round of IndiaAI Mission's second round of graphics processing units (GPU) tender and their commercial bids were opened on Thursday afternoon, ET has L1 (lowest) price for the various GPU models offered by the bidders and the names of the L1 bidders for various GPU variants will be disclosed next week, people aware of the process selected bidders include Netmagic (now NTT Global Data Centres and Cloud Infrastructure division), Cyfuture India, Sify Digital Services, Vensysco Technologies, Locuz Enterprise Solutions, Yotta Data Services, and Ishan Infotech. ET had reported on May 13 that the Centre has received bids proposing to offer a total of 18,000 GPUs in the second round of the IndiaAI GPU tender and that it expects 15,000 GPUs to finally be offered. Cyfuture has proposed to offer 1,184 GPUs, including Nvidia's H100, L40S and A100 GPUs, AMD's MI300 and MI325 GPUs, and Intel's Gaudi 2 and Gaudi 3 GPUs. It has placed purchase orders for the same, people cited above said. Vensysco has proposed to offer 2,300 GPUs: 2,000 Nvidia H100 GPUs, 100 AWS Trainium 1 GPUs, and 200 AWS Inferentia 2 GPUs. Yotta has proposed to offer Nvidia Blackwell B200s. GPU models that NTT-Netmagic, Sify, Locuz and Ishan propose to offer are not known. While Vensysco and Locuz are Amazon Web Services partners , Ishan is an Oracle partner and NTT-Netmagic is a leading Google Cloud partner in India. Under the first round of the GPU tender concluded in February, IndiaAI Mission is offering 14,517 GPUs on subsidised rates to the country's startups, academics and research organisations. ET had reported on April 26 that the Ministry of Electronics and Information Technology ( MeitY ) had assigned artificial intelligence (AI) projects, or workloads, to three companies selected to supply GPUs under the IndiaAI Mission. The government, however, has not named the beneficiaries of the programme. India gave the cabinet approval for the Rs 10,000-crore India AI Mission in March last year, with a target of creating an artificial intelligence (AI) compute infrastructure by procuring over 10,000 GPUs. As part of the mission, the government is also incentivising the development of local language models built by academia and industry with investment capital and other support. The move is aimed at building up India's AI prowess. ET reported on May 16 that the IndiaAI Mission has received 506 foundation AI model proposals across three phases. As part of the first phase of approvals, was selected to initiate the development of an indigenous foundational model. Sarvam will get access to 4,096 Nvidia H100 GPUs for six months from the IndiaAI Mission's common compute cluster to train its model.
Time of India
23-05-2025
- Business
- Time of India
IndiaAI Mission GPU tender round 2: All seven shortlisted bidders clear technical round
All the seven shortlisted companies have qualified in the technical round of IndiaAI Mission's second round of graphics processing units (GPU) tender and their commercial bids were opened on Thursday afternoon, ET has learnt. The L1 (lowest) price for the various GPU models offered by the bidders and the names of the L1 bidders for various GPU variants will be disclosed next week, people aware of the process said. The selected bidders include Netmagic (now NTT Global Data Centres and Cloud Infrastructure division), Cyfuture India, Sify Digital Services, Vensysco Technologies, Locuz Enterprise Solutions, Yotta Data Services, and Ishan Infotech. ET had reported on May 13 that the Centre has received bids proposing to offer a total of 18,000 GPUs in the second round of the IndiaAI GPU tender and that it expects 15,000 GPUs to finally be offered. Cyfuture has proposed to offer 1,184 GPUs, including Nvidia's H100, L40S and A100 GPUs, AMD's MI300 and MI325 GPUs, and Intel's Gaudi 2 and Gaudi 3 GPUs. It has placed purchase orders for the same, people cited above said. Vensysco has proposed to offer 2,300 GPUs: 2,000 Nvidia H100 GPUs, 100 AWS Trainium 1 GPUs, and 200 AWS Inferentia 2 GPUs. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Yotta has proposed to offer Nvidia Blackwell B200s. GPU models that NTT-Netmagic, Sify, Locuz and Ishan propose to offer are not known. While Vensysco and Locuz are Amazon Web Services partners , Ishan is an Oracle partner and NTT-Netmagic is a leading Google Cloud partner in India. Under the first round of the GPU tender concluded in February, IndiaAI Mission is offering 14,517 GPUs on subsidised rates to the country's startups, academics and research organisations. ET had reported on April 26 that the Ministry of Electronics and Information Technology ( MeitY ) had assigned artificial intelligence (AI) projects, or workloads, to three companies selected to supply GPUs under the IndiaAI Mission. The government, however, has not named the beneficiaries of the programme. India gave the cabinet approval for the Rs 10,000-crore India AI Mission in March last year, with a target of creating an artificial intelligence (AI) compute infrastructure by procuring over 10,000 GPUs. As part of the mission, the government is also incentivising the development of local language models built by academia and industry with investment capital and other support. The move is aimed at building up India's AI prowess. ET reported on May 16 that the IndiaAI Mission has received 506 foundation AI model proposals across three phases. As part of the first phase of approvals, was selected to initiate the development of an indigenous foundational model. Sarvam will get access to 4,096 Nvidia H100 GPUs for six months from the IndiaAI Mission's common compute cluster to train its model.
