About MP1 (ASX: MP1)
Megaport Limited provides on-demand interconnection services across Australia, New Zealand, Hong Kong, Singapore, Japan, the United States, Canada, Mexico, Brazil, and Europe, operating a Software Defined Network platform that enables customers to connect their networks to other services and build agile networking environments. The company serves enterprises and cloud users through a range of connectivity solutions spanning hybrid cloud, cloud to cloud, virtual connectivity hub, global WAN, and data center interconnect, alongside internet exchanges, internet access, and firewall as a service hosting.
Founded in 2013, Megaport has grown into a multinational network-as-a-service provider whose platform underpins flexible, software-driven connectivity across major data center markets globally. The company is headquartered in Fortitude Valley, Australia.
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Latest Announcements
- Megaport (ASX: MP1) – Megaport Completes Institutional Entitlement OfferJune 5, 2026Megaport Limited has successfully completed the institutional component of its A$827.3 million fully underwritten entitlement offer, raising approximately A$518 million and issuing 36.2 million new shares at A$14.30 per share. The institutional take-up rate of approximately 99% signals strong confidence from major shareholders in the company’s strategic direction, with the balance of unmet demand absorbed […]
- Megaport (ASX: MP1) – Megaport Announces Entitlement Offer Cleansing NoticeJune 3, 2026Megaport Limited has announced a fully underwritten accelerated non-renounceable pro rata entitlement offer with a ratio of one new fully paid ordinary share for every 3.08 existing shares held. This cleansing notice, issued under section 708AA(2)(f) of the Corporations Act, confirms the company’s compliance with relevant disclosure and continuous disclosure obligations, allowing the share issue […]
- Megaport (ASX: MP1) – Megaport Investor Presentation 45 MaterialsJune 3, 2026Megaport Limited has announced a fully underwritten accelerated non-renounceable entitlement offer to fund expansion of its globally-distributed AI inference cloud platform. The capital raise comes as the company creates a new GPU pool and secures additional contracts, positioning itself to capture growth in the rapidly expanding artificial intelligence infrastructure market. The entitlement offer structure allows […]
- Megaport (ASX: MP1) – Megaport Announces Continued Trading HaltJune 3, 2026Megaport Limited’s securities remain in trading halt pending the release of an announcement regarding the outcome of the institutional component of its accelerated entitlement offer. The halt, which commenced earlier this week, will continue until either the company releases its institutional bookbuild results or the commencement of trading on Friday, 5 June 2026, whichever occurs […]
- Megaport (ASX: MP1) – GPU Pool Launch and New ContractsJune 3, 2026Megaport has announced a significant pivot toward AI infrastructure with the execution of four new contracts worth A$458.9 million and the creation of an on-demand GPU Pool backed by A$350 million in investment. The announcement represents a material expansion of the company’s addressable market and a strategic response to accelerating global demand for distributed AI […]
- Megaport (ASX: MP1) – Megaport Announces Second Trading HaltJune 2, 2026Megaport Limited has requested an immediate trading halt effective 2 June 2026, pending the release of a material announcement regarding new commercial transactions. The ASX has granted the halt, which will remain in place until either the company makes its announcement or trading resumes on Thursday, 4 June 2026, whichever comes first. This represents a […]
- Megaport (ASX: MP1) – Megaport Secures Major Compute Network Storage ContractsMay 14, 2026Megaport Limited has secured three major infrastructure contracts through its Latitude.sh subsidiary valued at approximately AUD $254.0 million in total contract value, with around AUD $90.6 million in annualised recurring revenue. The contracts are with two US-based technology providers that operate AI applications and inference workloads, each backed by institutional shareholders. Two contracts span 36 […]
- Megaport (ASX: MP1) – Megaport Secures Three-Year Compute ContractApril 27, 2026Megaport Limited has secured a significant three-year compute contract for its subsidiary Latitude.sh, valued at AUD$35.4 million with annualized recurring revenue of AUD$11.8 million. The customer, a US-based unlisted technology company focused on developer tooling, will commence the contract in the first half of FY27. The deal showcases robust demand for compute capacity in an […]
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