Blackstone acquires stake in Quinbrook's data centre development arm

Blackstone will acquire a significant minority stake in Rowan Digital Infrastructure, a Quinbrook founded platform delivering customised hyperscale data centres built for the energy transition.

Quinbrook is a Queensland-based specialist investment manager exclusively focused on the infrastructure needed for the energy transition.

Rowan Digital Infrastructure was founded in 2020 by Quinbrook to develop sustainable data center campuses for hyperscale customers, offering solutions that enable rapid and cost-effective scaling.

Blackstone's investment will help drive Rowan Digital Infrastructure's future development pipeline and support ongoing capacity expansion for hyperscale customers across existing and new sites in the US.

Rowan Digital Infrastructure chief executive Charley Daitch said the investment positions the firm to continue delivering sustainable data center capacity for 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," Daitch said.

Quinbrook managing partner and Rowan Digital Infrastructure chair David Scaysbrook said Blackstone is ideally placed to help Rowan continue its growth as the world's leading investors in digital infrastructure and energy.

"We are delighted that Blackstone is investing in Rowan. We're focused on developing power and infrastructure solutions that solve hyperscale operators' urgent need for more compute capacity at scale," Scaysbrook said.

Quinbrook established Rowan as an early mover in gaining access to power, which would drive global data center development.

"This power focus leverages Quinbrook's specialist expertise in power project development tailored to the needs of energy intensive customers," Scaysbrook said.

Rowan is actively developing multiple 300 MW to over 1 GW campuses across the US to meet the capacity needs of hyperscale operators.