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

Bloomberg Tech · Jun 3, 2026, 2:02 AM · Also reported by 2 other sources

Australia’s Megaport Ltd. is seeking to raise A$827.3 million ($594 million) to support the creation of an artificial intelligence inference cloud and execute new contracts, one of the country’s biggest deals this year as companies look to finance the global data center buildout.

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

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