An investor group led by BlackRock and Nvidia has finalized a substantial $40 billion deal to acquire Aligned Data Centers from Macquarie Asset Management. This strategic move highlights the ongoing competition in expanding the necessary infrastructure for artificial intelligence technology.
Key Details of the Acquisition
The announcement was made on October 15, 2025. This acquisition is part of a growing trend to secure high-capacity computing resources needed for advanced AI model development.
Investor Consortium and Future Plans
The investor consortium is named the Artificial Intelligence Infrastructure Partnership (AIP). Its goal is to deploy an initial $30 billion in equity capital, with aspirations to increase that amount to $100 billion when including debt financing.
“With this investment in Aligned Data Centers, we further our goal of delivering the infrastructure necessary to power the future of AI,” stated Larry Fink, BlackRock’s CEO and AIP chairman. This marks AIP’s first major investment.
Notable Participants in the Consortium
- BlackRock
- Nvidia
- xAI
- Microsoft
- Kuwait Investment Authority
- Temasek Holdings (Singapore)
About Aligned Data Centers
Aligned Data Centers specializes in designing, building, and operating data centers for hyperscalers and enterprises. The company has a portfolio that includes 50 campuses with over 5 gigawatts of both operational and planned capacity across the U.S. and Latin America. Aligned will continue to be headquartered in Dallas, Texas, under the leadership of CEO Andrew Schaap.
Investment Landscape in AI Infrastructure
Aligned’s notable $12 billion fundraising earlier this year marked one of the largest private capital investments in this sector. However, significant investment is crucial to meet the rising demand for AI infrastructure. Major tech companies and private equity firms are pouring hundreds of billions into this area.
For instance, Morgan Stanley forecasts that cloud industry leaders such as Alphabet, Amazon, Meta, Microsoft, and Coreweave are projected to invest approximately $400 billion in AI infrastructure within the current year.
Concerns and Market Dynamics
Despite concerns regarding the returns from these heavy investments, leading tech firms are committed to increasing their data center capacities. Additionally, the interconnected investment patterns within the AI industry raise questions about the sustainability and circular nature of these funding models.
As a key player in this field, Nvidia is not only investing heavily but also remains a dominant supplier in the graphics processing market.
