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Deep & Emerging Tech·July 21, 2026·1 min read

The biggest data-centre deal in history just closed, then got $5bn bigger

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A $40B-plus acquisition of Aligned Data Centers—then upsized by another $5B—by MGX, BlackRock’s GIP, and others cements hyperscale data centers as a core infrastructure asset class. For operators, this means tighter capital discipline on colo and cloud contracts and a more professionalized landlord on the other side of the table.