Spanish ACS Group and BlackRock's GIP reach $26.8 billion data center cooperation agreement

Spanish group ACS has reached a $26.8 billion data center cooperation agreement with BlackRock's GIP, with GIP holding a 50% stake and injecting €5 billion in capital. The surge in demand for AI computing has driven digital infrastructure valuations to new highs, and this cooperation could value ACS's data center at €5 billion.