SharonAI acquires former paper mill in New South Wales, Australia
Type: Acquisition · Technology: Data Center · Country: Australia · Announced: 2026-09-18
AI cloud firm Sharon AI has acquired the former Visy paper mill site at Ettamogah, north of Albury in New South Wales, for approximately AU$50 million (US$35.6 million). The site, originally built in the 1980s for Australian Newsprint Mills and later operated by Norske Skog, closed in late 2019 and was purchased by Visy in 2020 for AU$85 million to serve as a warehouse and transport depot. Sharon AI plans to repurpose the underutilized brownfield site into a running operation, with Visy continuing as a tenant. The company, which went public earlier in 2026, currently utilizes Equinix in Sydney and NextDC in Melbourne for data center capacity and has 212MW of capacity online or in development.
Counterparties
📈 The Sherpa Signal — one notable infrastructure deal a day.