Blackstone Acquires Minority Stake in Rowan Digital Infrastructure
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy BX?
Source: PRnewswire
- Investment Background: Blackstone has acquired a significant minority stake in Rowan Digital Infrastructure through its affiliated funds, aiming to support Rowan's sustainable hyperscale data center development in the U.S. and drive its future development pipeline.
- Growth Potential: Rowan's CEO Charley Daitch stated that this investment will enhance the company's ability to deliver sustainable data center capacity for the world's leading technology companies, reflecting Blackstone's confidence in Rowan's differentiated business model.
- Market Demand: Rowan is developing multiple campuses ranging from 300 MW to over 1 GW to meet hyperscale operators' urgent need for compute capacity, and Blackstone's investment will facilitate its rapid expansion in this dynamic market.
- Industry Impact: This transaction marks an important milestone in Rowan's rapid evolution, bolstering its capacity to finance growth and is expected to drive continued expansion in the energy transition and digital infrastructure sectors.
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Analyst Views on BX
Wall Street analysts forecast BX stock price to rise
12 Analyst Rating
5 Buy
7 Hold
0 Sell
Moderate Buy
Current: 116.900
Low
166.00
Averages
176.60
High
205.00
Current: 116.900
Low
166.00
Averages
176.60
High
205.00
About BX
Blackstone Inc. is an alternative asset manager. Its asset management includes global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries, and hedge funds. Its Real Estate segment comprises its management of opportunistic real estate funds, Core+ real estate funds, and real estate debt strategies. Its Private Equity segment includes its management of flagship Corporate Private Equity funds, sector and geographically focused Corporate Private Equity funds, core private equity funds, an investment platform, and others. Its Credit & Insurance segment consists of Blackstone Credit & Insurance, which is organized into three overarching strategies: private corporate credit, liquid corporate credit and infrastructure and asset-based credit. Its Multi-Asset Investing segment is organized into four investment platforms: Absolute Return, Multi-Strategy, Total Portfolio Management, and Public Real Assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Management Background: The trust will be externally managed by BX REIT, an affiliate of Blackstone, which is the world's largest commercial real estate owner managing $1.3 trillion in assets, showcasing its strong management capabilities and market influence.
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