Australia's Macquarie Tech bags $142 million government investment for AI infrastructure

Macquarie Technology

10/03/2026 22:18

March 11 (Reuters) - Data center developer Macquarie Technology Group MAQ.AX said on Wednesday it has secured a A$200 million ($142.36 million) hybrid investment from the National Reconstruction Fund Corporation, which is an entity backed by the Australian government.

Here are some details:

Macquarie Technology secures investment for the development of sovereign digital infrastructure and cyber security services.

The investment is meant to help support artificial intelligence and cloud usage among businesses as well as various bodies within the Australian government, including the Department of Defence.

Investment via delayed-draw facility includes perpetual, callable, subordinated, unsecured and non-convertible securities to be issued in two series.

NRFC, a government-backed entity, is investing A$15 billion in seven 'priority areas' of the Australian economy

Sectors under NRFC's focus include resources and defense, according to website.

First series to be issued before or on June 1, 2026; second series before or on March 1, 2027.

($1 = 1.4049 Australian dollars)

 (Reporting by Nichiket Sunil in Bengaluru; Editing by Sahal Muhammed)

 ((Nichiket.Sunil@thomsonreuters.com;))