product · May 17, 2026
Megaport Announces $254M Contracts Through Latitude.sh Subsidiary
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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.