en.Wedoany.com Reported - Australian network connectivity provider Megaport has announced it has secured four new AI infrastructure contracts with a total value of approximately AUD 458.9 million (USD 329.49 million). Concurrently, the company has launched a fully underwritten rights issue to raise AUD 827.3 million (USD 594 million).
The four contracts, all signed with US-based technology providers operating AI applications, are expected to commence in the first half of 2027 and require nearly AUD 369.5 million in capital expenditure, primarily for procuring high-performance Nvidia GPUs, networking, and storage infrastructure. Megaport stated it will build a globally distributed AI inference cloud, underpinned by an on-demand GPU pool supported by AUD 350 million in investment, offering services to enterprise customers through contractual and consumption-based pricing models.
Megaport CEO Michael Reid stated that AI inference represents one of the largest infrastructure opportunities of the next decade. As AI adoption accelerates, enterprises need seamless access to GPUs, CPUs, storage, and the connectivity that drives them. This move marks a significant step for Megaport into AI infrastructure, as the company bets on a surge in demand for GPU-based computing as enterprise AI applications shift from model training to latency-sensitive inference workloads.
The company utilizes Nvidia and AMD chips and operates a network spanning over 1,100 data centers across 31 countries. Megaport believes this network positions it favorably to deliver AI computing to end users, addressing key bottlenecks including power, connectivity, and access to high-performance GPUs. The rights issue is priced at AUD 14.30 per share, representing a 13.9% discount to Megaport's last closing price on June 1. Additionally, Megaport has narrowed its 2026 revenue guidance to between AUD 307 million and AUD 315 million, reflecting strong momentum in its network business, compared to the previous forecast of AUD 302 million to AUD 317 million.
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