BlackRock’s $40 Billion Bet on a Lesser-Known Data Center Firm

BlackRock, the world's largest asset manager, has made a significant investment in Aligned Data Centers, a lesser-known data center firm. The investment, which is estimated to be around $40 billion, is a testament to the growing importance of data centers in the digital age. Aligned Data Centers, a company that specializes in providing infrastructure for AI systems, has managed to secure a $12 billion fundraise, which is more than some of the world's leading AI startups have been able to secure in a single round. This investment will allow the company to expand its footprint and meet the surging demand for the facilities that power AI systems. The article highlights the increasing significance of data centers in the technology landscape, as AI and other data-driven technologies continue to grow in importance. BlackRock's investment in Aligned Data Centers underscores the potential for growth in this sector and the opportunities it presents for investors.