Nvidia and BlackRock Lead $40 Billion Acquisition of Aligned Data Centers

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A consortium led by Nvidia and BlackRock has announced plans to acquire Aligned Data Centers, one of North America’s fastest-growing data infrastructure providers, in a deal valued at approximately $40 billion.

The acquisition marks one of the largest transactions in the global data center sector, reflecting the surging demand for AI-driven computing infrastructure and cloud capacity across industries.

Expanding AI and Data Capabilities

Aligned Data Centers, based in Texas, specializes in high-efficiency, sustainable data facilities that support artificial intelligence workloads and hyperscale computing. Its infrastructure is used by technology firms, cloud providers, and enterprises requiring advanced energy-efficient systems.

Under the agreement, Nvidia and BlackRock will jointly manage and expand Aligned’s data operations, combining Nvidia’s AI processing power and hardware expertise with BlackRock’s financial and asset management capabilities.

In a joint statement, the companies said the acquisition would “accelerate innovation in large-scale computing while advancing the sustainability goals of global data infrastructure.”

Growing Demand for AI Infrastructure

The move comes as the AI revolution drives a massive expansion in global data requirements. Data centers have become critical infrastructure for training large AI models, processing digital workloads, and managing cloud services.

According to industry analysts, the Nvidia-BlackRock consortium aims to strengthen its position in the AI infrastructure ecosystem, integrating advanced computing capabilities with reliable and scalable data systems.

Aligned Data Centers currently operates facilities across the United States, including in Texas, Virginia, and Chicago, and has several new developments underway.

The acquisition aligns with Nvidia’s broader strategy of expanding beyond chipmaking into full-stack AI infrastructure solutions. For BlackRock, it reinforces the firm’s growing interest in digital assets and real-world infrastructure investments tied to the future of AI and data processing.

The deal is expected to close in 2026, pending regulatory approval and standard closing conditions. Upon completion, Aligned will operate as a jointly owned subsidiary under the consortium’s new structure.