Rowan Digital Infrastructure announced a strategic recapitalization backed by funds affiliated with Blackstone, which have acquired a significant minority stake in the company.
The transaction, announced alongside Quinbrook Infrastructure Partners, is designed to support Rowan’s continued expansion as a developer of hyperscale data center campuses across the United States.
The investment will help fund Rowan’s development pipeline and accelerate capacity expansion for hyperscale customers across both existing and new sites. The company focuses on delivering sustainable, build-to-suit data center infrastructure tailored to the needs of large-scale technology operators.
Founded in 2020, Rowan is developing multiple large-scale campuses ranging from 300 MW to over 1 GW, positioning itself to meet growing demand for compute capacity driven by AI and cloud workloads. The company’s model emphasizes access to power and rapid deployment timelines, key constraints in today’s data center market.
The deal represents a milestone in Rowan’s growth trajectory and strengthens its ability to finance and execute its project pipeline. Quinbrook, which has invested in more than 40 GW of energy infrastructure assets globally, remains a key backer of the company.
Support: Advisors to Quinbrook on the transaction included Goldman Sachs, Evercore, and Kirkland & Ellis, while Blackstone was advised by Simpson Thacher & Bartlett.
KEY QUOTES:
“This investment positions Rowan to continue delivering sustainable data center capacity for the world’s leading technology companies. Blackstone’s investment is a strong vote of confidence in our differentiated approach and our ability to execute complex projects at scale — particularly where power availability, accelerated timelines, and community alignment are critical to success.”
Charley Daitch, Chief Executive Officer, Rowan Digital Infrastructure
“We are delighted that Blackstone is investing in Rowan. As one of the world’s leading investors in digital infrastructure and energy, they are ideally placed to help us continue Rowan’s remarkable growth story. We’re focused on developing power and infrastructure solutions that solve hyperscale operators’ urgent need for more compute capacity at scale. We established Rowan as an early mover in gaining access to power, which is now driving global data center development. This power focus leverages Quinbrook’s specialist expertise in power project development tailored to the needs of energy intensive customers.”
David Scaysbrook, Managing Partner, Quinbrook Infrastructure Partners, and Chairman, Rowan Digital Infrastructure
