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Blackstone has acquired a 49% stake in Rowan Digital Infrastructure, a company specializing in data center development. The transaction values Rowan at approximately $3.8 billion, excluding debt considerations. Established in 2021, Rowan is currently developing large-scale data center projects across Maryland, Oregon, and Texas. This acquisition underscores Blackstone's strategic commitment to expanding its footprint in the rapidly growing AI infrastructure sector. While the valuation is lower than earlier market rumors of $10 billion, the move solidifies Blackstone's position as a major player in digital real estate. The deal reflects the increasing demand for high-capacity computing facilities driven by the global AI boom.
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