Core Viewpoint - Junee Limited is strategically focusing on developing and operating artificial intelligence (AI) computing centers, planning to raise up to US$40 million for this initiative [1][4]. Funding Allocation - The planned financing of up to US$40 million will primarily support the establishment of an AI supercomputing center in Australia and enhance the company's working capital [2][3]. - The AI supercomputing center will consist of 511 AI servers equipped with up to 4,088 NVIDIA H200 or higher level GPUs, with a total investment in the project potentially reaching up to US$200 million [2][5]. Strategic Partnerships - Junee Limited has entered into a non-binding memorandum of understanding with PanaAI Technology Pty Ltd, an NVIDIA Cloud Partner, to collaborate on AI product development and the construction of AI supercomputing centers in Australia [4][5]. - A service contract was established between Junee's subsidiary ASPAC AI Computing Pty Ltd and PanaAI for the design, integration, and deployment of an artificial intelligence superfactory [6]. - A customer purchase agreement was signed with PanaAI for hardware and software services, with ASPAC expected to pay approximately US$100 million in installments [7]. Company Overview - Junee Limited, through its subsidiary ASPAC, specializes in supercomputing infrastructure and aims to advance artificial intelligence and high-performance computing (HPC) [8]. - The company is constructing a supercomputer facility in the Southern Hemisphere to support advancements in technologies such as Large Language Models (LLMs), autonomous driving, and climate science [9][10].
Junee Limited Announces Financing Round of Up to US$40 Million to Establish AI (Artificial Intelligence) Supercomputing Center in Australia