BlackRock’s $40 Billion AI Deal Exposes Massive Arbitrage Opportunity for Bitcoin Miners
The Artificial Intelligence Infrastructure Partnership (AIP), a consortium led by BlackRock’s GIP with members like Nvidia, Microsoft, and xAI, is buying Aligned Data Centers from Macquarie for a record-high $40 billion to develop very important AI capability.
VanEck’s Matthew Sigel argues this deal creates a major arbitrage alternative for undervalued Bitcoin miners to considerably re-rate their inventory by internet hosting high-demand AI computing.
Massive Data Center Acquisition Fuels AI Capacity
A strong funding consortium is buying Aligned Data Centers from Macquarie Asset Management in a record-breaking deal that values the corporate at roughly $40 billion.
The consortium, often called the Artificial Intelligence Infrastructure Partnership (AIP), is led by BlackRock’s Global Infrastructure Partners (GIP). It contains tech giants Nvidia, Microsoft, Elon Musk’s xAI, and Abu Dhabi’s funding agency MGX.
By buying Aligned Data Centers, the consortium features a large portfolio of specialised, high-density data centers.
This infrastructure offers over 5 gigawatts of operational and deliberate capability throughout the Americas. This scale is important for internet hosting the computationally demanding workloads that next-generation AI and cloud platforms require.
The transfer additionally secures possession of Aligned’s cooling know-how, a important part for managing the acute warmth generated by AI {hardware}.
The buy marks AIP’s first funding. The deal is slated to finalize in the course of the first six months of 2026.
It’s additionally anticipated to have constructive spillover results for Bitcoin miners.
Miners Trade at $3 Million While AI Pays $8 Million
In a social media put up, Matthew Sigel, VanEck’s Head of Digital Assets Research, broke down the which means of acquisition for the mining sector.
The analyst decided that the $40 billion price ticket, when unfold throughout 5 gigawatts of the corporate’s deliberate energy capability, means the consortium is paying $8 million for each megawatt.
Sigel identified that publicly traded Bitcoin miners reminiscent of Riot Platforms, Hut 8, and IREN seem considerably undervalued by the inventory market. Despite proudly owning the identical massive electrical infrastructure, their belongings are valued at simply $3 million per megawatt.
This $5 million per megawatt distinction offers miners a major monetary benefit, representing a hidden arbitrage alternative. These corporations can unlock this worth by adapting their amenities to host high-demand AI computing in addition to Bitcoin mining.
“Bitcoin miners already management a few of the largest privately held power and land footprints in North America,” Sigel advised BeInCrypto.
The inventory market presently views Bitcoin mining companies as risky “crypto corporations.” However, signing secure, long-term contracts with main AI suppliers can show that their websites are beneficial energy hubs.
“Recent offers like this one verify {that electrical} capability, not simply compute, is the scarcest useful resource within the AI financial system. The market is beginning to understand that miners personal the vitality and grid interconnects [what] everybody else now wants,” Sigel added.
This shift would enable the market to “re-rate” their firm valuation nearer to the degrees of pure information middle companies. Sigel steered this variation might result in a considerable 150% to 500% improve in inventory worth for present shareholders.
Meanwhile, long-term AI contracts supply secure, assured earnings. This is essential for securing loans for upgrades and avoiding inventory dilution for present shareholders.
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