DC market dynamics in the Americas

The opportunity emerging in the Americas is not the result of a single market, but of how the region is evolving as a connected digital-infrastructure corridor: from the highly mature US hubs driving the global AI build-out to the fast-scaling Latin American markets positioned as their natural extension.

US DC demand in hubs such as Northern Virginia, Dallas, Phoenix, Chicago, and Hillsboro reached ~9.1 GW in 2024 and is expected to reach 14.4 GW by 2027, propelled by accelerating AI and cloud workloads.

The country has consolidated its position as the world’s leading data center market not only because of its access to capital, power, and land, but because it has become the core of the global AI infrastructure rollout. This is reinforced by the concentration of large-scale projects such as OpenAI’s 1 GW Stargate development, AWS’s extensive footprint of 50+ data halls in Northern Virginia, Google’s 23 sites across Texas, Iowa, and Oregon, and Meta’s upcoming multi-GW Prometheus campus.

Together, these deployments illustrate why the most compute-intensive AI clusters continue to be anchored in US soil and why platforms like Aligned have become focal points for investors seeking exposure to the next wave of HPC growth.

As this ecosystem scales, pressure in primary US hubs (tight vacancies, higher land costs, and more stringent permitting) has naturally pushed hyperscalers to look south. Latin America is increasingly acting as an extension of the North American network, offering proximity, cost advantages, and regulatory alignment under frameworks such as the USMCA.

Mexico is the clearest example: Querétaro has quickly become a near-shore location for AI and cloud workloads, on track to grow at ~50% CAGR between 2024 and 2027 (from 105 MW to 352 MW). Similar conditions are emerging in Brazil and Chile, where stronger power availability and competitive renewable-energy profiles are supporting larger hyperscale deployments.

These shifts reflect how hyperscalers are re-drawing their regional strategies. In North America, unprecedented deployment has collided with power constraints in markets like Northern Virginia and Silicon Valley, redirecting growth to new metros.

In Latin America, the region is transitioning from a secondary “spillover” option to a meaningful component of global planning.

AWS has taken a leading role with long-term investment commitments: USD 1.8 bn in Brazil, more than USD 4 bn in Chile for a three-zone region by 2026, and over USD 5 bn for its near-shore build-out in Mexico.

Google has reinforced its footprint following a USD 1.2 bn five-year commitment to the region and a recent USD 850m data-center investment in Uruguay.

Microsoft is pursuing power-secure mega-campuses across Brazil, Mexico, and Chile, while Meta’s global capex (expected to reach USD 69 bn in 2025) signals continued demand for AI-optimized infrastructure.

Chinese platforms like Tencent, Alibaba, and ByteDance are also exploring opportunities, adding another layer of competitive pressure.

Across the Americas, one pattern stands out: hyperscalers are increasingly partnering with operators through pre-leases, joint ventures, and reserved-capacity structures to secure power and accelerate deployment.

The most visible examples are in Brazil (the region’s primary hyperscale destination), Mexico (the near-shore extension of the US AI cloud ecosystem), and Chile (a renewable-powered Southern Cone hub).

The result is a region where demand, investment, and strategic priorities are increasingly aligned. For investors, the Americas represent a rare combination of mature AI-scale infrastructure in the US and high-growth expansion potential in Latin America, a two-speed opportunity that few other geographies can match.

The Aligned transaction exemplifies key elements that drive investor appeal

Beyond the demand drivers shaping the Americas, the interesting question is understanding what has made major Americas-based platforms such as Aligned a compelling opportunity for investors. Since its inception, Aligned has been built around scalable design, strong access to capital, and the ability to secure power, land, and connectivity ahead of market needs. Its early growth was supported by institutional investors and accelerated further after its acquisition by Macquarie Infrastructure Partners in 2020, which enabled multi-market expansion and large development pipelines.

yet, Aligned’s strategy has combined organic builds with targeted acquisitions, most notably the 2022 acquisition of ODATA, which gave the platform an immediate, hyperscale-oriented presence across key Latin American markets. These moves strengthened its commercial relationships with hyperscalers, expanded its power-ready land bank, and enhanced visibility over long-term demand.

Yet, Aligned is not an isolated case; other platforms in the Americas are being structured around these same fundamentals. Omnia, for example, is advancing a capital raise for a 200MW greenfield development in Ceara, signaling the scale and financial ambition required for accelerated deployment; its hyperscale-oriented commercial model, supported by FTZ-driven cost advantages and direct access to a 16-cable subsea cluster, is designed to secure long-term, low-churn demand.

Like Omnia, the region is home to many operators with the potential to become industry leaders. This combination of access to capital, proximity to the fastest-growing customer segments, power scalability, and region-specific operating depth aligns closely with what investors should prioritize when assessing large-scale opportunities in the DC sector.

Conclusion: positioning for the next wave of digital infrastructure growth

The arrival of AI, ML, HPC, and cloud adoption has fundamentally changed the economic and strategic role of digital infrastructure in the Americas. Data centers and connectivity networks have become the backbone that enables future growth. Still, this landscape requires understanding and expertise to operate, scale, and compete effectively in an increasingly complex digital infrastructure market.

As valuations rise and power access becomes the decisive competitive factor, the Americas, driven by North American maturity and Latin American acceleration, are now a global center of gravity for next-generation data infrastructure investment. The Aligned transaction illustrates this shift: the platform has been built around scalable design, strong access to capital, and the ability to secure power and land ahead of demand, reinforced by institutional backing and expansion moves such as the acquisition of ODATA, one of Latam’s largest platforms.

Importantly, Aligned is not an exception. Platforms across the region such as Omnia are adopting similar fundamentals. This signals the scale, capital depth, and hyperscale-oriented strategy now defining the market.

This is not the peak — it is the beginning of the AI infrastructure supercycle.