A BlackRock-led consortium has reportedly agreed to acquire Aligned Data Centers in a deal reportedly valued at approximately $40 billion, according to Mogin Law LLP’s coverage of recent AI deal activity.
Nvidia and Microsoft are reported to be participating in the acquiring consortium alongside BlackRock. The seller is reportedly Macquarie. Aligned Data Centers reportedly operates more than 50 data center campuses across the Americas with over five gigawatts of capacity. Reports indicate the parties are targeting a close in the first half of 2026. The deal has not been presented as closed.
The scale is what demands attention. At approximately $40 billion, this isn’t a strategic infrastructure bet by a single technology company. It’s an institutional capital move, BlackRock deploying asset management firepower alongside Nvidia’s compute interests and Microsoft’s cloud position. That combination suggests something specific: the largest pools of capital are pricing AI infrastructure as an asset class, not just a sector.
Fladgate’s March 2026 AI roundup also references the transaction, though article text for both sources was not fully accessible during verification. All figures and claims in this item are reported, not independently confirmed from primary financial sources. TJS recommends treating the deal terms as reported pending confirmation from a T1/T2 financial news source.
For investors and enterprise technology leaders watching supply-side compute dynamics, the reported deal represents the clearest signal yet that AI infrastructure is consolidating under institutional ownership, a structural shift with long-term implications for pricing, access, and competitive positioning across the AI stack.