Australian Network-as-a-Service (NaaS) provider Megaport has secured four AI infrastructure contracts with a combined value of AU$459.9 million (US$329.49m).
Megaport has further said it will raise AU$827.3 million (US$594m) to build an inference cloud.
The company is offering new shares at AU$14.30 each. Proceeds will be used to meet the customer contracts, and to establish a "pool" of GPUs.
– Megaport
As reported by Reuters, the contracts are all with US-based technology providers running AI applications, and will require a capital expenditure of AU$369.5 million (US$263.87m) for Nvidia GPUs, networking, and storage infrastructure.
