BlackRock and Nvidia to Buy Aligned Data Centers $40B Deal

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Expanding the Backbone of AI

Dallas-based Aligned Data Centers operates 50 campuses with more than five gigawatts of total capacity across the U.S. and Latin America, including sites in Northern Virginia, Chicago, Dallas, Phoenix, Ohio, Salt Lake City, São Paulo, Querétaro, and Santiago.

CEO Andrew Schaap and his leadership team will remain in place as the new ownership group injects capital and strategic guidance to accelerate growth, particularly in sustainable, high-density AI infrastructure.

Global Investors Bet Big on AI Growth

The acquisition aligns with a flurry of multi-billion-dollar AI infrastructure investments. Recently, Oracle engaged in talks with Meta for a $20 billion cloud computing deal, while Nvidia pledged a $100 billion staged investment in OpenAI.

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“This partnership is bringing together leading companies and mobilizing private capital to accelerate AI innovation and drive global productivity,” said BlackRock CEO Larry Fink in the announcement.

AIP aims to deploy $30 billion in equity, potentially reaching $100 billion when factoring in debt financing.