Five deals totaling $20.7 billion closed July 29–30, with BlackRock's $14B Meta acquisition anchoring the largest two-day capital deployment in DC Hub's tracker.
## Highlights
Five data-center transactions totaling $20.7 billion closed between July 29 and July 30, 2026—the largest 48-hour capital deployment recorded in DC Hub's deal tracker. BlackRock's $14 billion acquisition from Meta anchored the wave, followed by TPG's $3 billion close, AirTrunk's $2.3 billion deployment backing 270 MW, and Google's $1 billion transaction. Meta separately closed a $279 million deal on July 30.
## What It Means
The concentration of capital—67% of the $20.7B total came from BlackRock—signals institutionalization of hyperscale-grade assets as liquid infrastructure. AirTrunk's 270 MW close at $2.3B implies an $8.5M/MW acquisition cost, 34% above the tracker's median for powered facilities. That premium reflects scarcity: only 9 of DC Hub's 218 markets score above 70 on the DCPI excess-power index, and AirTrunk's close likely targeted one of those build-ready zones.
Google and Meta's combined $1.3B in closings overlap with reported SPP and ERCOT queue activity. While no metro was disclosed, Midland–Odessa (85.7 excess, ERCOT) and North Kansas City (73.6 excess, SPP) remain the two highest-scoring US markets with sub-24-month interconnection windows. TPG's $3B close—no MW disclosed—suggests land or option acquisition ahead of long-lead engineering, a pattern that preceded Q2's 5.7 GW of hyperscaler commitments.
## Methodology
DC Hub's M&A tracker indexes disclosed transactions by close date, dollar value, and delivered or planned MW where available. Excess-power scores derive from the DCPI methodology (grid headroom, interconnection lag, renewable penetration, real-time pricing). Market data refresh daily.
Source: DC Hub Data Center Power Index (https://dchub.cloud/dcpi). Updated daily.
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