Aligned

What Aligned does

Aligned Data Centers is a U.S.-headquartered (Plano, Texas) private data center infrastructure company founded circa 2015 that designs, builds, and operates colocation and build-to-scale facilities for hyperscale cloud, neocloud AI, enterprise, and U.S. federal customers. Its portfolio spans more than 50 campuses and over 5 GW of operational and planned capacity across North America and Latin America (the latter added via the 2023 acquisition of ODATA in Brazil, Chile, Colombia, and Mexico), with 87 facilities and 6.4+ GW of committed power per its hyperscale disclosures.

The company's core platform is the Adaptive Modular Infrastructure (AMI) system — pre-provisioned, off-site-manufactured modular infrastructure paired with a standardized, auto-replenished supply chain. Cooling is delivered through patented Delta³ air cooling (up to 50 kW/rack) and patent-pending DeltaFlow~ liquid cooling, supporting up to ~600 kW/rack in hybrid mode with zero-downtime air-to-liquid transitions; a closed-loop chilled water design targets near-zero Water Utilization Effectiveness. The company holds 50+ patents and 500+ dependent claims across this cooling stack and operates an Advanced Cooling Lab in Phoenix as an R&D and customer-training facility.

Revenue is generated primarily through long-term multi-year and triple-net colocation leases with hyperscale and AI/HPC customers, supplemented by managed services (Remote Hands, turnkey fit-out, compliance support) and a dedicated Aligned Federal affiliate serving U.S. government agencies. Pricing is quote-based and undisclosed, structured around power (kW), density, location, fit-out, and term. Under Macquarie Asset Management ownership from 2018 to 2025, contracted capacity scaled from 85 MW to over 5 GW; in October 2025, a consortium led by AI Infrastructure Partnership (AIP), MGX, and BlackRock's Global Infrastructure Partners — with Microsoft, NVIDIA, xAI, KIA, and Temasek as co-investors — agreed to acquire 100% of Aligned at an enterprise value of approximately $40 billion, the largest data center M&A transaction on record, expected to close in H1 2026.

Name

Aligned

Legal name

Aligned Data Centers, LLC

Website

https://aligneddc.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Aligned Data Centers is a U.S.-headquartered private operator of more than 50 hyperscale and enterprise colocation campuses spanning over 5 GW of capacity across the Americas, serving cloud, AI/HPC, enterprise, and federal customers via its proprietary Adaptive Modular Infrastructure platform and patented Delta³ and DeltaFlow~ cooling systems.

Ownership category

akta.pro rank

Product category

Data Center Colocation Services

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Computer Systems Design and Related Services (54151), Computer Facilities Management Services (541513), Facilities Support Services (561210), Office Machinery and Equipment Rental and Leasing (53242)

SIC

Services-Computer Integrated Systems Design (7373), Services-Facilities Support Management Services (8744), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Wholesale Colocation (Powered Shells / Suites) (HDABACAB)

akta.pro secondary industries

HPC / AI-Optimized Data Center Facilities (HDABACAJ), Modular & Prefabricated Data Centers (HDABACAH), Retail Colocation (Multi-Tenant Data Centers) (HDABACAA)

Keywords

• Data center colocation
• Hyperscale build-to-scale
• Liquid cooling infrastructure
• AI HPC data centers
• Adaptive modular infrastructure

Headquarters

HQ city

Plano

HQ country

United States

HQ region

North America

Offices25 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Technology or R&D, Supply Chain, Personnel, Operations, Marketing or Sales

Revenue model

1. Hyperscale & Gigascale Campus Leasing: Long-term wholesale capacity leases and build-to-suit campuses sold/pre-leased to hyperscale cloud and AI customers. Revenue is primarily recurring through multi-year colocation leases and triple-net structures. The 2026-1 ABS offering tied to data center collateral referenced long-term triple-net leases.
2. Multi-Tenant Enterprise Colocation: Recurring colocation revenue from single and multi-tenant enterprise customers occupying data halls, with power/space billed on a recurring basis across multi-year contracts.
3. Managed Data Center Services: Recurring managed services including 24/7/365 Remote Hands, turnkey custom fit-out, dedicated space build-out, monitoring, and compliance support.
4. Federal Government Services (Aligned Federal): Secure data center solutions delivered to U.S. federal government agencies through the Aligned Federal affiliate, typically under multi-year government contracts.
5. AI/HPC Build-to-Suit Engagements: Custom build-to-suit data center capacity for AI/HPC customers where Aligned designs and constructs facilities to customer specifications, with revenue recognized across build phase and subsequent long-term operating leases.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Aligned Data Centers designs, builds, and operates adaptive colocation and build-to-scale data center campuses for hyperscale cloud, neocloud AI, enterprise, and U.S. federal customers. Its portfolio spans 50+ campuses with 5+ GW of operational and planned capacity across the U.S. and Latin America, powered by the proprietary Adaptive Modular Infrastructure (AMI) platform and patented Delta³ air cooling and DeltaFlow~ liquid cooling systems supporting up to 600 kW per rack for AI/HPC workloads.

Product overview

Aligned Data Centers operates as a platform-plus-modules architecture delivering adaptive, AI-ready data center infrastructure across the Americas. The core offerings — Hyperscale Campuses & Build-to-Scale, Gigascale AI Campuses, and Multi-Tenant & Enterprise Data Centers — are powered by the proprietary Adaptive Modular Infrastructure (AMI) platform and supported by patented cooling modules (Delta³™ air cooling and DeltaFlow~™ liquid cooling). The Managed Data Center Services layer (Remote Hands, Turnkey Custom Fitout, Dedicated Space Build Out) is provided as an add-on across all deployment types, while the Customer Portal (built on ServiceNow) provides real-time visibility. Aligned Federal operates as a specialized sub-brand for U.S. Federal Government clients.

Differentiator

Problem solved

Functional benefit

Brands

• Aligned Federal: US-based affiliate delivering secure, flexible, and sustainable data centers for U.S. Federal Government Agencies
• Delta³ (Delta3)
• DeltaFlow~

Products and services

• Hyperscale Campus and Build to Scale From single-tenant facilities to multi-building campus build-outs, Aligned designs, constructs, and operates hyperscale data centers at scale, delivering speed and sustainability for AI, HPC, cloud, and enterprise deployments, backed by Adaptive Modular Infrastructure (AMI) and patented cooling.
• Gigascale AI Campuses End-to-end site development for gigascale, high-density AI and ML deployments—from initial site selection and energy access through fit-out, delivery, and operation. Turnkey, powered gigascale sites in key markets across the Americas, engineered for ultra-high-density GPU clusters featuring liquid cooling and ultra-adaptive infrastructure.
• Multi-Tenant and Enterprise Data Centers Adaptive data centers that power everyday enterprise workloads, from cloud to AI, with high-density infrastructure and a high standard of white-glove service, providing a seamless pathway to transition from air-cooled environments to next-generation liquid cooling.
• Aligned Federal U.S.-based affiliate of Aligned Data Centers that delivers secure, flexible, and sustainable data centers for U.S. Federal Government Agencies, with specialized federal-compliance-ready facilities.
• Managed Data Center Services Full-service support layer across operations, monitoring, and compliance—including Remote Hands (24/7/365 on-demand technical support), Turnkey Custom Fitout, and Dedicated Space Build Out—so customers can focus on business-critical tasks.

Quantifiable outcome

• Tens of millions of gallons of water saved per data center annually vs legacy designs
• +8 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature6 records

Partnerships

Eight partnerships are on record, tiered moderate, flagship, high and core.

• Vinson & Elkins (Legal Advisor)moderateOthers · 16 December 2025Vinson & Elkins represented Aligned in closing the $2.58 billion revolving credit facility and won IJGlobal's 2025 Latin America Digital Infrastructure Deal of the Year for advising on Aligned's $1.025 billion acquisition of the Odata Group from Patria Investimentos.
• Calibrant EnergyflagshipStrategic or Co-development Partner · 22 October 2025Aligned and Calibrant Energy announced a first-of-its-kind 31 MW/62 MWh on-site battery energy storage system (BESS) at Aligned's Hillsboro, OR data center campus — the first purpose-built BESS in the U.S. to accelerate data center grid interconnection, enabling the facility to come online years earlier than conventional grid upgrades. Operational target H2 2026.
• AI Infrastructure Partnership (AIP)flagshipStrategic or Co-development Partner · 15 October 2025AIP, MGX, and BlackRock's Global Infrastructure Partners agreed to acquire 100% of Aligned from Macquarie Asset Management at an enterprise value of approximately $40 billion, expected to close in H1 2026. AIP's first investment, advancing its goal of deploying $30B of equity capital (potentially $100B with debt) into AI infrastructure. AIP is led by MGX, BlackRock's GIP, Microsoft, and NVIDIA.
• MicrosoftflagshipStrategic or Co-development Partner · 15 October 2025Co-acquirer via the AI Infrastructure Partnership (AIP) of Aligned in the $40 billion deal. Microsoft has also engaged Aligned as an enterprise customer (Orcale Cloud) and as part of multi-billion dollar AI infrastructure build-outs.
• NVIDIAflagshipStrategic or Co-development Partner · 15 October 2025Co-acquirer via AIP and a key technology partner; Aligned's DeltaFlow~ liquid cooling is explicitly engineered to support NVIDIA Blackwell and Blackwell Ultra GPUs, and Trane has co-developed AI facility designs with NVIDIA that integrate with Aligned's cooling.
• xAI (Elon Musk)highStrategic or Co-development Partner · 15 October 2025Co-investor in the $40 billion Aligned acquisition, alongside Microsoft, NVIDIA, MGX, BlackRock's GIP, KIA, and Temasek, securing AI infrastructure capacity for xAI's training workloads.
• LambdaflagshipStrategic or Co-development Partner · 15 October 2025Aligned and Lambda (AI Developer Cloud) announced a partnership to provide data center infrastructure engineered for sustainable AI growth inside Aligned's DFW-04 data center in Plano, TX. The facility is engineered for NVIDIA Blackwell and Blackwell Ultra platforms, with a $700M, 425,000 sq ft build-to-suit referenced in coverage.
• Aligned Partner Program (Brokers, SIs, Agents, Resellers)coreChannel Partner/ Reseller/ Distributor · 1 January 2024Formal Partner Program engaging brokers, enterprise and government systems integrators, agents, resellers, and global technology providers. Offers competitive partner/broker commissions with channel-neutral compensation and lead registration via a Partner Lead Registration form.

Scale indicators15 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Stack Infrastructure: Stack Infrastructure is a hyperscale-focused data center developer with campuses across the Americas. Directly comparable to Aligned's hyperscale build-to-scale product, with similar customer mix and scaling profile.
• EdgeConneX: EdgeConneX operates hyperscale and edge data centers globally, with strong presence in the Americas. Comparable to Aligned's hyperscale and build-to-scale offering, serving similar AI, cloud, and content customers.
• CyrusOne: CyrusOne operates hyperscale and enterprise data centers across the U.S. and Europe, now owned by KKR and Global Infrastructure Partners. Directly comparable to Aligned in core U.S. hyperscale markets (Dallas, Northern Virginia, Phoenix), serving similar AI and cloud workloads.
• Vantage Data Centers: Vantage Data Centers develops and operates wholesale hyperscale and enterprise data center campuses across North America, EMEA, and APAC. Closely comparable to Aligned on hyperscale campus build-out, liquid-cooling-ready infrastructure, and similar blue-chip hyperscaler customer base.
• Equinix: Equinix is the largest global colocation and interconnection operator, offering multi-tenant enterprise and hyperscale data center capacity across the Americas and globally. Directly comparable to Aligned's multi-tenant and enterprise colocation business, though Equinix skews to interconnection-rich enterprise rather than AI/HPC hyperscale.
• Digital Realty Trust: Digital Realty is one of the largest global data center REITs, operating hyperscale and multi-tenant campuses across the Americas, EMEA, and APAC. Directly comparable to Aligned's hyperscale build-to-scale and multi-tenant enterprise offerings, with similar long-term lease economics and similar exposure to AI demand.

Others

• Lambda: Lambda is both an Aligned customer ($700M Plano build-to-suit) and a GPU cloud operator developing its own data center footprint. Comparable as a counterpart in the AI infrastructure stack, with bidirectional commercial and technology ties (NVIDIA Blackwell deployments on Aligned's DFW-04 platform).

Emerging players

• CoreWeave: CoreWeave is a GPU-focused neocloud that rents NVIDIA compute capacity to AI customers and is now developing proprietary data center capacity. Comparable as an AI-tenant overlap and emerging infrastructure competitor with hyperscaler-grade customers, though CoreWeave is more vertically integrated into the cloud layer.

Regional players

• Scala Data Centers: Scala Data Centers is a leading Latin American hyperscale and enterprise data center operator with campuses primarily in Brazil. Comparable as a regional peer to Aligned's ODATA-inherited LatAm platform, competing for hyperscaler presence in São Paulo and surrounding markets.
• Ascenty: Ascenty is a major Brazilian data center operator (backed by Digital Realty and Brookfield) operating hyperscale and enterprise facilities across Latin America. Comparable as a regional peer to Aligned's ODATA platform for LatAm hyperscale and enterprise workloads.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/alignedenergy
• Facebookfacebook.com/AlignedDataCenters
• LinkedInlinkedin.com/company/aligned-energy

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 records

Funding overview

Funding rounds10 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aligned