Jun 3, 2026 – 1.26pmASX-listed technology infrastructure company Megaport has signed four new artificial intelligence contracts with technology giants valued at $459 million, as it revealed details of plans to expand into the booming business of providing access to AI computing power.The Brisbane-based company told investors on Wednesday that it is seeking $825 million in fresh capital to invest in Nvidia chips that will be used to build a “pool” of GPUs that will be rented out to customers to process AI queries.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles