🚨 Major US data center operators are shopping majority stakes worth tens of billions, per WSJ reporting this month.

Netrality, DataBank, Edged, and EdgeCore are working with bankers to sell controlling equity in their entire companies, not just individual facilities. DataBank alone could be valued near 25 billion dollars. Buyers lining up: private equity, infrastructure funds, sovereign wealth funds, and pensions chasing long-term contracted cash flows from AI tenants.

The backdrop is messy. The US-Iran war closed the Strait of Hormuz, knocking out about 20 percent of global LNG and a third of the world's helium supply (an LNG byproduct with no substitute in chipmaking). Construction material costs are up as much as 20 percent, and JPMorgan says over 60 percent of US capacity slated for 2027 completion has not even started construction.

Two ways to read the sales: developers cashing out at peak valuations while they can, or the normal lifecycle of infrastructure assets rotating from builders to long-term holders. Morningstar's own take: 'Is this the reallocation of capital or the top of the market?'

Meanwhile, capital is still pouring in the other direction. BlackRock and MGX just closed a 40 billion dollar acquisition of Aligned Data Centers, and Fluidstack raised 830 million this week at a 7.5 billion valuation.

Read more:
blockspace.media/insight/data-…
morningstar.com/stocks/private…
theregister.com/on-prem/2026/0…

#DataCenters #AI #Finance