capital · May 20, 2026
Megaport Shares Surge as Latitude.sh Demand Accelerates with Major AI Deals
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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.
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