June 3 : Australia's Megaport said on Wednesday it has secured four new AI infrastructure contracts with a combined 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 establish a globally-distributed AI inference cloud, anchored by an on-demand GPU pool backed by $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 firm said the GPU pool would help attract new customers who need immediate access to AI infrastructure, among others. The entitlement offer, priced at A$14.30 per share, represents a 13.9 per cent discount to Megaport's last closing price of 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.($1 = 1.3928 Australian dollars)
