The deal includes a $650 million base price plus up to $400 million in contingent consideration, and is contingent on SoftBank's pending acquisition of DigitalBridge

The deal reflects the “convergence of power, AI, and digital infrastructure,” the companies said. ArcLight owned about 20.8 GW as of June.

The deal includes a $650 million base price plus up to $400 million in contingent consideration, and is contingent on SoftBank's pending acquisition of DigitalBridge