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MGX explores multi-billion-dollar acquisition of data center operator DayOne in push to dominate AI infrastructure
Jun 20, 2026
< 1 min read
by Micah Abiodun
for CryptoPolitan
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Abu Dhabi-backed AI investor MGX is reportedly weighing a multibillion-dollar buyout of DayOne, which runs a data center in Singapore, marking MGX's first planned acquisition in Asia. The potential deal highlights intensifying competition for data center infrastructure to fuel AI growth and could lift demand and funding for cloud and crypto infrastructure, affecting adoption and hosting needs for CEXs, DeFi services and token projects.
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Abu Dhabi-backed AI investor MGX is reportedly weighing a multibillion-dollar buyout of DayOne, which operates a data center in Singapore. The deal will come as MGX’s first acquisition in Asia and would highlight the mounting competition among the various parties who seek to obtain the necessary data center infrastructures to fuel the growth of AI...
