BlackRock Expands AI Infrastructure Push with $27B Spanish Data Center Deal
BlackRock's Global Infrastructure Partners is finalizing a 50% stake in ACS's digital unit, marking its second major data center investment this year. The $27 billion venture follows February's $40 billion Aligned Data Centers acquisition with Nvidia and Microsoft.
Spain's construction giant ACS brings highways-to-ports expertise to the AI infrastructure race. BlackRock plans to deploy $6 billion in equity and $21 billion in debt through its $180 billion GIP arm, signaling institutional conviction in data centers as critical digital asset infrastructure.