Australia's Megaport secures four new AI infrastructure contracts, to raise $594 million

Australia's Megaport said on Wednesday it has secured four ​new AI infrastructure contracts with ​a total contract value of about A$458.9 million ($329.49 ​million), and launched a fully underwritten entitlement offer to raise A$827.3 million ($594 million).

The four contracts, all with U.S.-based technology providers running AI applications, are expected ‌to start ⁠in the ⁠first half of 2027 and require nearly A$369.5 million in capital expenditure, ​primarily for high-performance Nvidia GPUs, network and storage infrastructure.

Megaport said it would set up ​a globally distributed AI inference cloud, anchored by an on-demand GPU pool backed by A$350 million in investment, which will be offered ​to enterprise customers through contracted and consumption-based ⁠pricing models.


"AI ‌inference represents one of the biggest infrastructure ​opportunities of ​the next decade," Megaport CEO Michael Reid said.

"As AI ⁠adoption accelerates, organisations need seamless access to GPUs, ​CPUs, storage, and the connectivity that powers them."

The ​move marks a big step up in Megaport's push into AI infrastructure, with the company betting that demand for GPU-based compute will surge as enterprise AI adoption shifts from model training to latency-sensitive inference workloads.

The firm, which uses Nvidia and AMD chips, ‌said its network of more than 1,100 data centres in 31 countries puts it in a strong ​position to deliver ​AI compute closer ⁠to end users, addressing key bottlenecks including power, connectivity and access to high-performance GPUs.

The entitlement offer, priced at A$14.30 per share, represents ​a 13.9% discount to Megaport's last closing price on June 1.

Megaport also tightened its 2026 revenue guidance to A$307 million-A$315 million, reflecting strong momentum in its network business. Its previous expectation was between A$302 million and A$317 million.