ASX:MP1IT
Megaport (ASX:MP1) Is Up 8.7% After Launching AI-Ready Storage And Major Equity Raise - Has The Bull Case Changed?
In early June 2026, Megaport Limited launched Megaport Storage, integrating high-performance cloud storage with its existing network and Latitude.sh compute platform, and also moved to raise up to A$827.35 million via a rights offering of ordinary shares to support its AI-focused infrastructure expansion.
By combining new AI-ready storage services with a large equity raise and four substantial US AI infrastructure deals, Megaport is pushing toward a fully integrated compute-network-storage...