Investment giant Blackstone has reportedly acquired a significant stake in data center firm Rowan Digital Infrastructure.

The Information reports that alternative asset manager Blackstone has taken a 49 percent stake in Rowan.

The companies are yet to comment on or confirm the deal. DCD has reached out to Rowan for more details.

Reports surfaced late last month that Blackstone was looking to acquire at least part of the data center developer in a deal that would value Rowan at around $10 billion, including debt. The Information’s latest reporting says Rowan is valued at around $3.8bn, not including debt.

Set up in 2021 by Quinbrook Infrastructure Partners and Birch Infrastructure, Rowan (formerly known as Rowan Green Data) is developing data centers in Maryland and Oregon, and has sites in Texas near Temple and San Antonio. The University Pension Plan Ontario is an investor in the company.

The Information first reported that Rowan was evaluating its options back in December. The company had reportedly held talks with Wren House Infrastructure (owned by the Kuwait Investment Authority) and investment firm Sixth Street.

Blackstone has thrown its weight behind the data center industry in recent years with myriad data center investments, and has plans to become one of the biggest investors in AI infrastructure.

In 2021, Blackstone acquired QTS Data Centers for $10bn. It then acquired APAC operator AirTrunk for $16.1bn in 2025 alongside the Canada Pension Plan Investment Board.

The investment firm has also taken stakes in Vnet, Lumina CloudInfra, Copeland, Park Place Technologies, and Winthrop Technologies, as well as a number of joint ventures with COPT, Digital Realty, and others.