Digital Realty Raises Capital and Acquires Blackstone Assets to Fuel AI Growth

Key Facts

1Digital Realty raised new capital through a follow-on offering to fund its expansions.

2The company acquired data center stakes from Blackstone to bolster its AI infrastructure.

In a move reflecting the intensifying race to provide the infrastructure necessary for the AI revolution, Digital Realty has announced strategic actions to scale its operations. According to reports, the company raised new capital through a follow-on stock offering to fund its global expansion plans. Additionally, the firm acquired stakes in data centers from Blackstone to bolster its technical capabilities and convert its lease backlog into immediate cash flow.

These maneuvers come at a time of fierce competition in the digital real estate sector, as Blackstone (BX) also seeks to maximize the value of its data center portfolio, currently the fastest-growing segment in commercial real estate. Per market data, BX shares closed at $124.56 (close July 14, 2026), following a period of robust growth in tech-focused assets under management. This collaboration between the two giants is seen as a direct response to surging demand from cloud providers and large language model developers.

Investors are closely monitoring Digital Realty's ability to balance the shareholder dilution from the capital raise against the expected returns from new AI assets. DLR stock stood at $177.92 (close July 13, 2026), with a daily range between $177.26 and $181.00. With no immediate sector-specific catalysts in the upcoming economic calendar, market focus remains on the next earnings release to evaluate the impact of reduced balance sheet pressure.