Roth believes entire sector stands to benefit from Aligned Data Centers deal

Roth Capital notes BlackRock (BLK) and MGX, via the $100B AI Infrastructure Partnership, are acquiring Aligned Data Centers from Macquarie for $40B, the largest DC deal ever. The firm believes this confirms that control of power and the demand for AI are continuing to gain steam. The deal goes to show that power is the asset, and those that own the power control the board, Roth adds. The firm believes the entire sector stands to benefit, but those with larger power portfolios and existing colocation agreements and data centers — such as Buy-rated Applied Digital (APLD) and TeraWulf (WULF), Neutral-rated Core Scientific (CORZ), Not Rated Cipher Mining (CIFR), and Galaxy Digital (GLXY) — likely stand to benefit most, while also proving those still seeking deals but with large baskets of power should receive continued re-ratings as well — Buy-rated Bitdeer (BTDR), Iren (IREN), Riot Platforms (RIOT), Hut 8 (HUT), Hive Digital (HIVE), WhiteFiber (WYFI) — and proving AI companies are seeking options to build data centers amongst a scarcity of power, land, and key supply components for hyperscalers, etc., to build data centers from greenfield sites.