Blackstone Secures $3.8 Billion Stake in Rowan Digital Infrastructure for Data Center Dominance

Blackstone agrees to a 49% stake in Rowan Digital Infrastructure, valuing the data center firm at $3.8 billion to expand its presence in digital infrastructure.

By: AXL Media

Published: Apr 3, 2026, 10:26 AM EDT

Source: Information for this report was sourced from The Information

A High-Stakes Entry into the Denver Data Landscape

The agreement between Blackstone and Rowan Digital Infrastructure marks a significant consolidation in the rapidly expanding sector of specialized digital facilities. By securing a 49% stake in the developer, Blackstone is positioning itself at the center of the infrastructure required to power modern computing needs. According to reports from The Information, the deal is expected to value the five-year-old company at roughly $3.8 billion, excluding existing debt, reflecting the high premium currently placed on established data center developers with proven operational footprints.

Strategic Control Rights in a Growing Infrastructure Niche

While the stake represents a minority percentage of the total equity, Blackstone is expected to gain significant control rights as part of the transaction. This level of influence suggests that the asset manager intends to play an active role in the strategic direction and scaling of Rowan’s operations. Such control mechanisms are typical for large-scale alternative asset managers looking to safeguard substantial capital deployments while steering the underlying business toward aggressive growth targets in the competitive data infrastructure market.

The Competitive Race for Digital Real Estate Assets

The path to this agreement was not without competition, as other major investment firms sought to capitalize on Rowan’s market position. Private equity firm Quinbrook Infrastructure Partners, the current owner of the data center developer, had previously engaged in advanced discussions with the investment firm Sixth Street. According to sources familiar with the negotiations, Sixth Street was initially considered a frontrunner for the stake but ultimately withdrew from the process last month, clearing the way for Blackstone to finalize its bid.