capital · May 20, 2026
Megaport Announces $254 Million in New Contracts Through Latitude.sh with Two US AI Companies
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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.
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