Megaport Wins New AI Infrastructure Contracts Totaling Nearly AU$500 Million

MT Newswires Live

06/03

Megaport (ASX:MP1) won four new artificial intelligence (AI) infrastructure contracts worth roughly AU$458.9 million in total, according to a Wednesday filing with the Australian bourse.

The company also plans to establish an on-demand graphics processing units (GPU) pool, supported by an investment of AU$350 million, to grant enterprise customers access to AI infrastructure through contracted and consumption-based commercial models, the filing said.

Additionally, the company launched a fully underwritten 1-for-3.08 pro rata accelerated non-renounceable entitlement offer to raise AU$827.3 million to secure the capital expenditure required to fulfill the new contracts and seed the GPU pool, per the filing.

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