Megaport

Megaport secures 4 AI deals, to raise $594 million to build inference cloud

Megaport secures 4 AI deals, to raise $594 million to build inference cloud June 3 : Australia's Megaport said on Wednesday it has secured four new AI infrastructure contracts worth A$458.9 million and will raise A$827.3 million ($594 million) to build an inference cloud to cash in on surging demand for AI-related facilities. The deals underscore the fierce race among infrastructure providers to capture a share of the booming AI compute market, as firms across industries scramble to secure...

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

Australia's Megaport secures four new AI infrastructure contracts, to raise $594 million June 3 : 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...

Megaport to Raise $594 Million in Australia to Fund AI Expansion

It's one of the world's most isolated islands. Here come the bulldozers

The Indian government is spending $9 billion to create a megaport, airport and city on this remote island. Critics fear the impact on pristine forests and the lives of indigenous inhabitants.(Image credit: Omkar Khandekar/NPR)