Megaport's $594 million raise puts a price on AI inference infrastructure

Megaport has raised A$827.3 million ($594 million) through a fully underwritten entitlement offer and secured four new AI infrastructure contracts worth approximately A$458.9 million ($329.49 million) with U.S.-based technology providers. The Australian company expects the contracts, which require nearly A$369.5 million in capital expenditure for high-performance infrastructure, to begin in the first half of 2027. The funding and deals signal a major investment in AI inference infrastructure, positioning Megaport to support growing demand for AI applications.