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BlackRock Invests $5B in Allied Data Centers
Alined Data Centers announced a dedicated $5 billion for growth capital following its acquisition for $40 billion, aiming to enhance its capabilities and infrastructure in data centers to meet the rising demand for artificial intelligence technologies. The company was founded in 2013 in Texas and owns 51 data center campuses with an operational capacity of over 6.4 gigawatts. It is led by CEO Andrew Shap. The group plans to invest $30 billion in the initial phase, with the possibility of increasing this amount to $100 billion through debt financing, as part of a wave of investments in digital infrastructure to support AI tools like ChatGPT.
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