Megaport raises AU$827.3 million to build AI inference cloud and secures four AI infrastructure contracts worth AU$458.9 million
Type: Financing · Technology: Data Center · Country: Australia · Value: $594M · Announced: 2026-06-04
Australian Network-as-a-Service provider Megaport raised AU$827.3 million (USD 594 million) through a share placement at AU$14.30 per share to fund the development of an AI inference cloud. The company secured four AI infrastructure contracts with US-based technology providers totaling AU$458.9 million (USD 329.49 million), requiring AU$369.5 million (USD 263.87 million) in capital expenditure for Nvidia GPUs, networking, and storage infrastructure. Megaport plans to invest AU$350 million to establish an on-demand GPU pool as part of its globally distributed AI inference cloud. The company operates a network spanning 1,100 data centers in 31 countries, enabling it to deliver AI compute closer to customers. In November 2025, Megaport acquired cloud infrastructure provider Latitude.sh, which had previously secured a 36-month CPU capacity contract valued at USD 25.1 million.
Analysis
Megaport raised AU$827.3 million through a share placement at AU$14.30 per share to fund the development of an AI inference cloud. The company, which operates a network spanning 1,100 data centers in 31 countries, secured four AI infrastructure contracts with US-based technology providers totaling AU$458.9 million. Megaport plans to invest AU$350 million to establish an on-demand GPU pool as part of its globally distributed AI inference cloud, with NVIDIA supplying the necessary GPUs. The capital expenditure for the project is estimated to be AU$369.5 million, and the company acquired cloud infrastructure provider Latitude.sh in November 2025. The deal was announced on 2026-06-04.
Key points
- AU$827.3 million raised through share placement
- Four AI infrastructure contracts worth AU$458.9 million
- AU$350 million investment in on-demand GPU pool
- NVIDIA to supply GPUs
- Deal announced on 2026-06-04