The BuildApril 2, 2026via The Information
Blackstone Extends the Data Center Buying Spree
Why it matters
Major private equity is still aggressively acquiring data center assets despite broader tech deal slowdown, signaling sustained confidence in AI infrastructure demand and potential supply constraints ahead.
Key signals
- Blackstone acquiring 49% stake in Rowan Digital Infrastructure
- Rowan Digital is 5-year-old Denver-based data center developer
- AI-driven compute demand fueling data center acquisitions
- Overall technology deals slowed in Q1
- Blackstone is world's largest alternative asset manager
The hook
49% stake. That's what Blackstone just bought of Rowan Digital Infrastructure as the AI compute scramble drives red-hot data center M&A.
The AI-driven scramble for compute is still powering red-hot data center acquisitions even as overall technology deals slowed in the first quarter this year.
In the latest example, Blackstone, the world’s largest alternative asset manager, agreed to acquire a 49% stake in Rowan Digital Infrastructure, a five-year-old data center developer based in Denver, according to people with knowledge of the deal.
Relevance score:85/100