Megaport Signs Four AI Contracts, Unveils $594 Million Growth Funding
Australia's Megaport announced it has obtained four new AI infrastructure contracts valued at approximately A$458.9 million ($329.49 million) and initiated a fully underwritten entitlement offer to raise A$827.3 million ($594 million).
The four agreements, each with technology providers in the U.S. operating AI applications, are projected to commence in the first half of 2027 and necessitate close to A$369.5 million in capital investment, mainly for high-performance Nvidia GPUs, as well as network and storage infrastructure.
Megaport announced plans to establish a worldwide AI inference cloud, supported by an on-demand GPU pool financed by A$350 million in investment, which will be available to enterprise clients via contracted and usage-based pricing models.
According to Megaport CEO Michael Reid, AI inference stands as one of the greatest infrastructure prospects for the upcoming decade.
"With the rapid increase in AI adoption, organizations require effortless access to GPUs, CPUs, storage, and the connectivity that drives them."
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The shift represents a significant advancement in Megaport's strategy in AI infrastructure, as the company anticipates that the need for GPU-based computing will increase as enterprise AI usage transitions from model training to latency-critical inference tasks.
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The company, utilizing Nvidia and AMD chips, stated that its network exceeding 1,100 data centers across 31 nations places it in a robust position to provide AI computing nearer to end users, addressing critical constraints such as power, connectivity, and access to high-performance GPUs.
The entitlement offer, set at A$14.30 per share, reflects a 13.9percent reduction from Megaport's final closing price on June 1.
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Megaport refined its 2026 revenue forecast to A$307 million-A$315 million, demonstrating robust growth in its network operations. Its earlier projection ranged from A$302 million to A$317 million.