Latitude.sh

Latitude.sh Acquisition by Megaport Adds A$90.6m ARR from AI Contracts

Megaport reported that Latitude.sh started paying with committed AI infrastructure contracts generating A$90.6m annualised recurring revenue. The subsidiary secured funding to deliver on the deals without dilution following the November 2025 acquisition. Customers include two US entities for GPU and compute workloads. Megaport's first half FY26 revenue reached A$134m before these new commitments.

Michael Reid Highlights AI Compute Customer Growth at Megaport and Latitude.sh New York Event

Michael Reid, CEO at Megaport & Latitude.sh, spent time with the Megaport & Latitude.sh New York team and one AI Compute customer based in Manhattan that has absolutely exploded. The event focused on compute, network, and storage amid strong industry energy driven by AI. Megaport & Latitude.sh held a separate event in Washington DC with more than 400 attendees. Michael Reid has served as CEO following the November 2025 acquisition of Latitude.sh by Megaport.

Latitude.sh GPU Pricing at $4.23 per Hour for GH200 Servers as of May 19, 2026

Latitude.sh Listed Among Top Bare Metal Providers for Web3 Workloads in 2026

Latitude.sh Secures Over 5,000 New Servers to Address 2026 Hardware Supply Crunch

Megaport Announces $254 Million in New Contracts Through Latitude.sh with Two US AI Companies

Megaport announced $254 million in new contracts through its Latitude.sh subsidiary with two US-based AI technology companies on or around May 14, 2026. The deals generate $90.6 million in annualised recurring revenue from compute and storage services. Megaport acquired Latitude.sh in November 2025 to expand into GPU, CPU, and storage capabilities complementing its network offering. Megaport Network ARR grows 23% year-over-year following the Latitude.sh integration.

Megaport Shares Surge as Latitude.sh Demand Accelerates with Major AI Deals

Megaport shares surge on $254 million in AI compute contracts as Latitude.sh demand accelerates. The contracts were secured through the subsidiary with two US-based AI technology companies. Megaport acquired Latitude.sh in November 2025. The announcement generated $90.6 million in annualised recurring revenue.

Megaport Secures Largest AI Infrastructure Contract Wins via Latitude.sh Subsidiary

Megaport announced three large contract wins for recently acquired subsidiary Latitude valued at around AUD 250 million over the next three years. The deals include a $35.4M 3-year compute contract won by Latitude.sh. Since Latitude.sh joined the Megaport group in November 2025, on-demand ARR from the subsidiary has grown 31% to US$58.7 million as of 25 April 2026. Megaport shares surged on the AI compute contract news.

Gilbert + Tobin Advises Megaport on Acquisition of Latitude.sh and $220 Million Equity Raising

Gilbert + Tobin advised Megaport on the November 2025 acquisition of Latitude.sh valued at up to USD300 million. The deal included USD150 million upfront consideration plus up to USD150 million contingent consideration. Megaport raised $220 million through a $200 million institutional placement and share purchase plan to fund the acquisition. The transaction accelerates Megaport's automation of network infrastructure for cloud and AI ecosystems.

Megaport Plans to Acquire Compute-as-a-Service Company Latitude.sh

Megaport announced plans to acquire Latitude.sh in November 2025 for up to USD300 million. Latitude.sh CEO Gui Soubihe stated the deal extends the compute platform into Megaport's Network-as-a-Service offering. The combination creates a globally automated Infrastructure-as-a-Service platform integrating on-demand CPUs and GPUs with high-speed private networks. The acquisition closed on November 27, 2025.

Megaport Shares Surge on $254 Million in AI Compute Contracts as Latitude.sh Demand Accelerates

Megaport's Latitude.sh Lands AU$254 Million In AI Hardware Deals

Megaport Secures Major Compute, Network, and Storage Contracts with Combined TCV of AUD $254.0M

Megaport Completes Acquisition of Latitude.sh for Up to US$300 Million

Megaport Limited announced the acquisition of Latitude.sh on November 11, 2025. The deal creates a combined Compute and Network-as-a-Service platform for high-performance CPU and GPU infrastructure. Megaport issued approximately 7.8 million shares and paid US$70 million cash upfront. The transaction closed on November 27, 2025. Latitude.sh continues to deliver physical servers globally in seconds via API and dashboard.

Megaport Secures US$25.1 Million 36-Month Compute Contract Through Latitude.sh

Megaport secured a US$25.1 million 36-month compute contract through Latitude.sh. The contract delivers AUD$11.8 million in contracted ARR and USD$8.4 million in Annualised Recurring Revenue starting H1 FY27. Megaport will deploy approximately USD$12.2 million in incremental CPU server capex. Hardware delivery is expected in FY26 with phased deployment. The contract counts toward Megaport's committed USD$86 million investment for CY26 and CY27.

Linklaters Advises Latitude.sh on US$300 Million Acquisition by Megaport Limited

Megaport Shares Surge 27% After Latitude.sh Contract Wins

Megaport Announces $254M Contracts Through Latitude.sh Subsidiary

Megaport announced three major new contracts through its Latitude.sh subsidiary worth a combined US$182.9 million or approximately A$254 million in total contract value for GPU, CPU, network, and storage services. The contracts cover two undisclosed US-based technology customers running artificial intelligence and inference workloads, with two contracts representing 90% of the value carrying 36-month terms. Megaport will invest approximately US$101 million in additional capital expenditure for NVIDIA GPU hardware with a two-year payback period. Since Latitude.sh joined the Megaport group in November 2025, on-demand ARR from the subsidiary has grown 31% to US$58.7 million as of 25 April 2026.

Latitude.sh Secures Three AI Contracts Worth $254M Total Value

Latitude.sh, a wholly owned subsidiary of Megaport, secured three major GPU, CPU, network, and storage contracts across a pair of US-based technology providers running AI applications and inference workloads. The combined total contract value reached approximately US$182.9 million or A$254 million, with two contracts carrying 36-month initial terms and the third a 24-month term. Annualised recurring revenue from the deals totals approximately US$65.2 million or A$90.6 million once fully deployed. Megaport announced the contracts on May 14, 2026, following the November 2025 acquisition of Latitude.sh.

Megaport Share Price Rises 30 Percent to AU$12.90 on Latitude.sh Contract Wins

Megaport Secures Major Compute Network and Storage Contracts Through Latitude.sh

Megaport Announces Latitude.sh Contracts Worth AUD 254 Million for AI Infrastructure

Megaport Shares Surge 37 Percent After Latitude.sh Wins AU$254 Million AI Compute Contracts

Megaport reported that Latitude.sh secured three contracts covering GPU, CPU, networking and storage infrastructure with a combined total contract value of approximately USD 182.9 million (AUD 254.0 million). The contracts were signed with two unnamed US-based technology providers for AI applications and inference workloads. One customer is an existing Megaport client. The deals satisfy a committed US$86 million capital expenditure undertaking from the November 2025 acquisition of Latitude.sh. Megaport shares rose 34 percent on the announcement.