BlackRock-Led Consortium to Acquire Aligned Data Centers for $40 Billion

Overview

• The buyer group includes Microsoft, Nvidia and MGX, with Kuwait Investment Authority and Temasek as anchor investors and xAI cited as a supporter.
• Closing is targeted for the first half of 2026 subject to customary approvals, and individual partner contributions were not disclosed.
• Aligned operates or is developing 78 facilities across roughly 50 campuses in the United States and Latin America with more than 5 gigawatts of operational and planned capacity.
• Macquarie has owned the platform since a 2018 investment, and Aligned earlier this year raised about $12 billion in equity and debt to accelerate growth.
• Reports describe the deal as the largest data-center transaction to date and note the need to secure electricity supply and grid connections to meet AI-driven demand.