Investment giant Blackstone is reportedly close to acquiring data center provider Rowan.

Citing people close to the matter, The Information reports that Rowan Digital Infrastructure has been valued at $10 billion, including debt.

Discussions are reportedly ongoing, and there’s no guarantee an agreement will be reached.

Set up in 2021 by Quinbrook Infrastructure Partners and Birch Infrastructure, Rowan (formerly known as Rowan Green Data)is developing 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 has reportedly had similar talks with Wren House Infrastructure (owned by the Kuwait Investment Authority)and investment firm Sixth Street.

The companies declined to comment to the publication.

Blackstone has thrown a lot of its weight behind AI data center development 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 $10 billion. It 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.