Abu Dhabi’s MGX Weighs Multi-Billion Dollar Acquisition of DayOne

MGX, Abu Dhabi’s dedicated artificial intelligence investment vehicle, is exploring a multi-billion dollar acquisition of data center operator DayOne. The move signals a major expansion of the UAE’s digital infrastructure as global demand for specialized AI processing power increases. Established in early 2024 by Abu Dhabi’s Mubadala Investment Company and G42, MGX focuses on three core verticals: AI infrastructure, semiconductors, and core software technologies. DayOne operates large-scale data centers designed to handle the intensive power and cooling requirements of modern computing and AI workloads. Strategic Infrastructure Expansion The potential acquisition follows a series of high-level moves by Abu Dhabi to secure its position in the global AI supply chain. Data centers serve as the physical backbone for large language models and generative AI, requiring the specific industrial-scale facilities that DayOne manages. While the exact valuation and final timeline remain confidential, the multi-billion dollar scale of the discussions places the deal among the largest infrastructure investments in the sector this year. Neither MGX nor DayOne has issued an official statement…