July 29, 2026, and the rush to finance AI infrastructure in the US shows no signs of slowing down. Michael Dorrell, CEO of Stonepeak Infrastructure Partners, shared this outlook during a Bloomberg Television interview.
Stonepeak, which manages assets worth approximately $88 billion, has funneled over $10 billion into data center infrastructure over the last ten years. The firm’s investments reflect a strong bet on the expanding AI sector.
In 2025 alone, Stonepeak committed $1.3 billion in preferred equity to Princeton Digital Group, a major data center operator active in the Asia-Pacific region. Earlier that year, the firm launched Montera Infrastructure to enhance data center capacity across North America. This dual focus spans markets from North America to Asia-Pacific, involving operators like Cologix and Princeton Digital Group.
Dorrell did note concerns around sustainability risks tied to the current investment surge but stopped short of criticizing the momentum behind AI infrastructure funding.
this wave of institutional capital is flowing heavily into AI-focused infrastructure rather than crypto-related assets such as mining facilities or decentralized computing networks. The shift contrasts with previous infrastructure investment patterns in the digital asset space.
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