Digital Infrastructure
Milbank’s Digital Infrastructure Practice Group is the leading legal advisor driving digital infrastructure transactions across the entire value chain — from GPU procurement to powered land, data centers, buy-side/sell-side and capital raises (debt/equity) throughout the capital stack. Milbank is ranked “#1 Law Firm” by industry publications focusing on digital infrastructure.
In 2025, Milbank had the lead legal role in over $150 billion of digital focused transactions, including several of the largest capital markets, project finance, M&A and real estate transactions to date.
Milbank’s cross-practice team is at the forefront of the AI infrastructure build-out — notably advising on the groundbreaking financing for a next-generation AI data center campus being developed by Meta Platforms — one of the largest single-project financings in the AI infrastructure space. 
Other significant industry recognitions include:
“Digital Infrastructure Deal of the Year” and "Americas Deal of the Year"
$165 billion financing for a megascale AI data center campus in New Mexico, led by Blue Owl Capital in partnership with STACK Infrastructure, to be leased to Oracle under the Stargate initiative.
IJGlobal Americas Awards, 2026 & Proximo Awards 2026 & Project Finance International, 2025
“Fiber Deal of the Year” and “North America Fiber Deal of the Year”
FiberLight refinancing – proceeds of which will be used to develop a fiber network.
IJGlobal Americas Awards, 2026 & Proximo Awards, 2026
"North America Digital Infrastructure Deal of the Year" and "Americas Data Center Deal of the Year"
Switch’s $4.5 billion project debt financing issuance in connection with hyperscale development at their Citadel Campus in Nevada.
Proximo Awards, 2025 & Project Finance International, 2025
"Financing Deal of the Year"
CyrusOne’s $7.9 billion warehouse credit facility for the development of data centers across the US.
TMT Finance Awards USA, 2025
