BlackRock leads the acquisition of Aligned, with a high valuation of 40 billion dollars potentially driving Bitcoin miners to pump.

Led by BlackRock and Nvidia, the AI Infrastructure Partnership (AIP) has agreed to acquire Aligned Data Centers for $40 billion. This acquisition not only resets the valuation benchmark for data centers but also highlights the valuation gap between AI infrastructure and traditional miners. Matthew Sigel, the director of digital asset research at VanEck, stated that if miners can secure project financing, equity values could rise by 150% to 500%.

BlackRock's acquisition of Aligned Data Centers for $40 billion

According to a report by Bloomberg, BlackRock has jointly signed a $40 billion cooperation agreement with MGX of Abu Dhabi, United Arab Emirates, to acquire Aligned Data Centers for $40 billion. This is one of BlackRock's largest infrastructure investments ever, and currently Wall Street is competing to get a piece of the artificial intelligence boom.

The AIP Alliance led by BlackRock and NVIDIA

The complete acquisition consortium led by BlackRock is AIP, created by BlackRock, MGX, Microsoft, and Nvidia in September 2024, aimed at accelerating investment in artificial intelligence infrastructure. The Kuwait Investment Authority (KIA), Elon Musk's xAI, and Singapore's Temasek Holdings (Temasek) have also joined the alliance.

Expected to complete the acquisition of Aligned Data Centers in the first half of 2026.

Aligned's headquarters is located in Texas, with operations across the United States and South America. It currently manages or is developing 50 campuses and 78 data centers, owned by Macquarie Asset Management (.

This transaction is expected to be completed in the first half of next year.

VanEck: Miners' valuations are underestimated

The acquisition of Aligned Data Centers not only resets the valuation benchmark for data centers but also highlights the valuation gap between AI infrastructure and traditional miners.

Matthew Sigel, the head of digital asset research at VanEck, stated that Aligned is preparing to expand its capacity to over 5 GW, which means the total capacity of data centers ) operation + development ( is valued at about $8 million per megawatt. Publicly traded Bitcoin miners such as IREN, RIOT, CIFR, BTDR, and HUT are trading at about $3 million per megawatt, calculated on the same “total capacity” basis. If miners can secure project financing, equity values could increase by 150% to 500%.

BLACKROCK & NVIDIA IN )B DATA CENTER TAKEOVER:

Macquarie is selling Aligned Data Centers for $40B, with press reports noting the platform is “poised to expand its capacity to over 5GW.”

Implies a valuation of roughly ( per MW of total data-center capacity ) operating +… pic.twitter.com/hkwNjgVe8H

— matthew sigel, recovering CFA (@matthew_sigel) October 15, 2025

Miners may gain favor for project financing through transformation, with an upside potential of 150% in equity.

AI data centers are regarded as “new infrastructure,” attracting sovereign funds and capital from tech giants; meanwhile, miners face ESG pressures and policy risks. Some miners, such as Core Scientific, have begun to transform and provide HPC ( high-performance computing ) services, attempting to ride the wave of AI infrastructure.

Matthew Sigel compared this with publicly traded Bitcoin miners like IREN and RIOT, whose total capacity transaction price is about $3 million per megawatt, indicating that the value is severely underestimated.

This also means that if they can successfully transform to attract project financing, it may release a 150-500% increase in equity for miners. Although the price of Bitcoin and halving cause income fluctuations, they can still leverage the demand for AI-driven data centers.

This article discusses BlackRock leading the acquisition of Aligned, with a valuation of $40 billion that could drive up Bitcoin miners. First appeared on Chain News ABMedia.