MGX, AIP, and BlackRock's GIP complete $40B data center buyout

A consortium of MGX, AIP, and BlackRock's Global Infrastructure Partners has completed a $40 billion acquisition of Aligned Data Centers, the largest data center deal on record.

Why it matters: The record size shows how much institutional and sovereign capital, including Abu Dhabi-backed MGX, is now flowing into AI-driven data center infrastructure as its own asset class, separate from bets on any specific model or lab. It also signals data center ownership consolidating among a handful of mega-investors, which could concentrate pricing power over the compute AI companies depend on.