Megaport said on Wednesday it has secured four AI infrastructure deals worth A$458.9 million and will raise A$827.3 million (about $594 million) to develop an inference cloud designed to meet growing enterprise demand for GPU-based compute.
The contracts are with U.S.-based technology companies that run AI applications, and they are scheduled to begin in the first half of 2027. The agreements will require nearly A$369.5 million in capital expenditure, most of which is earmarked for high-performance Nvidia GPUs along with the necessary network and storage components.
What Megaport plans
Under the capital raise, Megaport will create a globally distributed AI inference cloud anchored by an on-demand GPU pool backed by A$350 million of investment. That pool will be made available to enterprise customers under a mix of contracted and consumption-based pricing arrangements. Megaport said the move is intended to capture demand as enterprise AI use evolves from model training toward latency-sensitive inference workloads.
The company uses both Nvidia and AMD chips across its platforms and emphasised the breadth of its interconnection footprint. Megaport pointed to its network of more than 1,100 data centres across 31 countries as a competitive advantage in delivering compute closer to end users, addressing constraints such as power, connectivity and access to high-performance GPUs.
“Megaport is positioning itself as a picks-and-shovels player in the AI gold rush - benefiting from the next wave of AI infrastructure buildout,” said Hebe Chen, a market analyst at Vantage Markets. Chen added that the GPU pool could move Megaport further up the value chain, shifting the firm from a role of connecting data centres and cloud platforms toward enabling enterprises to access the compute needed to deploy AI at scale.
Funding mechanics and share issuance
The A$827.3 million entitlement offer will see Megaport issue shares at A$14.30 each, a price the company said represents a 13.9% discount to the stock’s last close on June 1. The firm was in a trading halt until June 5.
Guidance update
Megaport tightened its revenue guidance for the year ending 2026 to A$307 million-A$315 million, citing strong momentum in its network business. That range replaces the company’s prior expectation of A$302 million-A$317 million.
For reference, the company provided an exchange rate used in disclosures: $1 = 1.3933 Australian dollars.
Context for investors
Megaport’s announcement included promotional material outlining an AI stock-selection tool. That material framed a hypothetical question about investing A$2,000 in MP1 and described ProPicks AI as a system that evaluates MP1 alongside thousands of other companies using more than 100 financial metrics. The promotional text noted that the AI identifies stocks based on fundamentals, momentum and valuation and referenced past winners to illustrate the system’s approach.
Bottom line
Megaport is mobilising significant capital to build a dedicated inference cloud and an on-demand GPU pool, leveraging its global interconnection footprint. The company has tightened 2026 revenue expectations while advancing into higher-value AI infrastructure services via the planned raise and the four new contracts.