Adani commits $100 billion to hyperscale data center expansion for AI infrastructure globally.

The Adani Group has announced a US$100 billion investment by 2035 to develop renewable-energy-powered, hyperscale AI-ready data centers across India, alongside plans to expand its data center platform toward 5 GW of capacity. The initiative is designed to support high-density AI computing, cloud services and sovereign digital infrastructure, while also strengthening demand for advanced servers, power systems, networking and liquid-cooling technologies. The scale of the commitment reinforces the shift toward large, AI-optimized hyperscale campuses and could accelerate capacity expansion across India.

The expansion creates opportunities for hyperscale operators, colocation providers, infrastructure developers and technology suppliers. Amazon Web Services, Microsoft, Google, Meta Platforms, and Digital Realty are positioned to benefit from continued demand for large-scale cloud and AI infrastructure, while competition is intensifying around power availability, high-density computing, renewable energy and advanced cooling. Recent investments in AI-ready facilities are also creating opportunities for greenfield campus development, GPU infrastructure, high-speed networking and energy-efficient thermal management.

According to DataM Intelligence, the global hyperscale data center market reached US$202.8 billion in 2025 and is projected to reach US$1,829.4 billion by 2035, expanding at a 24.6% CAGR from 2026 to 2035. The market is supported by accelerating cloud adoption, generative AI workloads, large-scale data processing and demand for high-density computing infrastructure.

North America currently leads the market, accounting for approximately 42.9% of global hyperscale data center revenues in 2025, supported by major hyperscalers and extensive AI infrastructure investment. Asia-Pacific is the fastest-growing region, with India, China, Japan and South Korea attracting expanding cloud and AI capacity. Greenfield deployment leads capacity additions, representing about 74.5% of additions in 2025, while AI and generative AI workloads are gaining faster traction as GPU-dense facilities, liquid cooling and high-speed networking become increasingly important.

**United States.** In September 2026, BlackRock-backed Global Infrastructure Partners, Microsoft and MGX agreed to acquire Aligned Data Centers for approximately US$40 billion. Aligned operates hyperscale data center campuses across major U.S. markets and the transaction significantly expands access to large-scale digital infrastructure, highlighting continued institutional investment in hyperscale capacity for AI and cloud workloads.

In August 2026, Anthropic signed a US$45 billion agreement with Nscale for 460 MW of AI computing capacity at its Monarch Compute Campus in West Virginia. The campus is planned to deploy NVIDIA Vera Rubin systems and represents one of the largest recent hyperscale AI capacity commitments in the U.S.

In August 2026, Energy Vault signed a 1.25 GW power deployment agreement for a hyperscale data center development in Texas. The project will combine battery energy storage, grid-forming power systems and AI infrastructure controls to provide dedicated power without waiting for conventional grid interconnection, with initial deployments expected to begin within four to 12 months.

In August 2026, Riot Platforms secured a 20-year, US$9.1 billion capacity lease with a leading AI company for 191 MW at its Rockdale, Texas data center campus, with options that could increase the total contract value to approximately US$16.5 billion. The agreement demonstrates the conversion of existing large-scale infrastructure toward hyperscale AI data center applications.

In July 2026, Cloud Capital and Realty Income established a US$6 billion data center joint venture focused on hyperscale assets in Northern Virginia, with an initial portfolio of three stabilized data centers leased to investment-grade hyperscale tenants under long-term agreements. Realty Income expects to invest up to US$1.4 billion in the strategy.

**Japan.** In September 2026, Keppel agreed to acquire a 90% effective interest in two hyperscale-ready data centers in Inzai, Tokyo, for approximately US$1.2 billion. The facilities, Tokyo Data Centre 4 and Tokyo Data Centre 5, are fully fitted hyperscale colocation sites that strengthen Keppel's position in Japan's rapidly expanding hyperscale data center market.

In September 2026, DayOne broke ground on Phase I of its Kodaira Data Center campus in Tokyo, planned to provide 15 MW of IT capacity, while the overall campus is expected to reach 42 MW. The project forms part of DayOne's broader expansion of large-scale data center infrastructure across Japan.

In September 2026, Ada Infrastructure began construction of the third and final building at its TKW1 data center campus in Tokyo. The campus will comprise two 10 MW buildings and one 11 MW facility, supporting the company's expanding Japanese data center portfolio. Ada has outlined plans for approximately 600 MW of capacity across five Japanese campuses.

In June 2026, Hyperscale Data completed the acquisition of 48.5 acres in Michigan to expand its data center campus, more than doubling the company's land position at the site to 83 acres and creating additional space for future data center development as demand for large-scale AI and cloud computing capacity continues to accelerate.

Key participants in the market include AWS, Microsoft, Google, Meta Platforms, Oracle Corporation, Alibaba Group, Tencent Holdings, IBM, Digital Realty Trust, Equinix, NTT Limited, CyrusOne, QTS Realty Trust, Vantage Data Centers, and STACK Infrastructure.

Recent mergers and acquisitions have accelerated the consolidation of hyperscale infrastructure. In September 2026, Brookfield Asset Management acquired a minority stake in American Real Estate Partners (AREP), a major U.S. hyperscale data center development platform with more than 32 million square feet of hyperscale projects under development. Also in September, CPP Investments and Equinix completed the acquisition of atNorth, expanding their Nordic data center platform with eight operational facilities and additional projects focused on high-density and hyperscale-ready infrastructure.

In August 2026, the AI Infrastructure Partnership consortium, comprising BlackRock, Global Infrastructure Partners and MGX, completed the approximately US$40 billion acquisition of Aligned Data Centers, significantly expanding its portfolio of hyperscale data center infrastructure across the United States. In the same month, Yondr Group and Cerberus Capital Management acquired a 40-acre site in Northern Virginia capable of supporting a 72 MW hyperscale data center campus, targeting cloud and AI customers as demand for large-scale capacity increases.

In July 2026, Digital Realty agreed to purchase Blackstone's 64% equity interest in three fully leased Northern Virginia hyperscale data centers for approximately US$3.5 billion, covering assets with a combined 288 MW of IT capacity and a gross value of US$7.8 billion.