Pranav Hotkar
New York, USA, October 15, 2025- In one of the largest infrastructure transactions of the decade, MGX, the AI Infrastructure Partnership (AIP), and BlackRock’s Global Infrastructure Partners (GIP) have agreed to acquire Aligned Data Centers from Macquarie Asset Management in a deal valued at USD 40 billion, marking a bold new chapter in the race to build the physical backbone of artificial intelligence.
The consortium will acquire 100% of Aligned’s equity, gaining control over one of North America’s fastest-growing data center operators with more than 50 campuses across the U.S. and Latin America and over 5 GW of operational and planned capacity. The transaction is expected to close in the first half of 2026, pending regulatory approvals.
Larry Fink, Chairman and CEO of BlackRock and Chair of AIP, framed the acquisition as a cornerstone investment in the infrastructure enabling the next industrial revolution.
“AIP is positioned to meet the growing demand for the infrastructure required as AI continues to reshape the global economy,” Fink said. “This partnership is bringing together leading companies and mobilizing private capital to accelerate AI innovation and drive global economic growth and productivity. With this investment in Aligned Data Centers, we further our goal of delivering the infrastructure necessary to power the future of AI.”
Ahmed Yahia Al Idrissi, CEO of MGX and Vice Chair of AIP, echoed the sentiment, calling the deal “a decisive step in scaling compute for the age of intelligence.”
“We are entering a new era in which AI will fundamentally reengineer our economies and enable accelerated growth,” he said. “Compute infrastructure at scale will be foundational to that progress. Our investment in Aligned Data Centers will direct scalable capital to an operator built for efficiency and growth, with the mission to deliver the infrastructure needed to support global AI adoption.”
For Macquarie Asset Management, which scaled Aligned from just two locations to 50 in seven years, the sale represents both a milestone and a validation.
Karl Kuchel, CEO of Macquarie Infrastructure Partners, added, “The scaling of Aligned Data Centers from two locations to 50 in seven years is representative of our approach to working with great companies and teams to support their rapid growth and deliver positive impact.”
The acquisition underlines a broader strategic realignment across the global AI economy. As AI models demand exponentially greater computing power, investors are pivoting from digital platforms to the physical infrastructure layer, the power-dense, liquid-cooled, and high-connectivity campuses that enable hyperscale compute.
For Aligned, the new ownership will accelerate its expansion roadmap across hyperscale, colocation, and modular facilities, strengthening supply-chain integration and sustainability commitments. For MGX, AIP, and GIP, the acquisition offers a scalable platform for AI infrastructure investment, anchoring their ambitions in the era of computer-driven growth.
