Australia’s Megaport secures four new AI infrastructure contracts, to raise $594 million

Australia’s Megaport said on Wednesday it has secured four ​new AI infrastructure contracts with ​a 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.