BlackRock's GIP Plans to Spend $40 Billion to Acquire Aligned Data Centers

BlackRock's Global Infrastructure Partners (GIP) is in advanced negotiations with Aligned Data Centers regarding a potential acquisition deal valued at approximately $40 billion. Earlier this year, Aligned Data Centers secured $12 billion in equity and debt financing, aiming to expand its data center capacity to 5GW. Currently, Aligned has an operational capacity of about 600MW, with 700MW under construction, and manages or develops as many as 78 data center projects. Based on the industry average pricing of approximately $210 per kilowatt per month, Aligned's annual revenue could reach $1.6 billion, and if the under-construction capacity is included, revenue might grow to $3.4 billion. In comparison, CoreWeave Data Centers is projected to achieve $1.91 billion in revenue in 2024, with an operational capacity of 470MW.