SHARCNET is a consortium of universities in Ontario, Canada, that aggregate funding to purchase supercomputer systems, which are shared among the members to perform research, rather than individually purchasing smaller systems at each university. It was formed to allow members access to larger, faster, and more modern computer resources than they would otherwise be able to afford, and to retain researchers at their organizations. SHARCNET is part of the larger umbrella. As of June 2017, the fastest computer at SHARCNET according to the Top 500 list is Graham, which entered the list as the 95th fastest computer in the world with a High Performance Linpack result of 1,228 TeraFLOPS.