Blackstone-backed Rowan secures $1.5bn for data centre expansion

Published on November 13, 2026

Blackstone-backed Rowan Digital Infrastructure has secured approximately $1.5bn in additional financing to support the development of its US data centre portfolio, as investment in artificial intelligence infrastructure continues to drive demand for capacity, according to a report by Bloomberg.

The financing package comprises a $600m increase to an existing term loan provided by Apterra Infrastructure Capital, alongside a $590m revolving credit facility and a $355m letter of credit led by Citibank. Proceeds will support early-stage project development, including land acquisition, power infrastructure and equipment procurement.

Denver-based Rowan is developing a pipeline of approximately 5.5 gigawatts of data centre capacity, targeting hyperscale technology companies. Its projects include two 300-megawatt facilities in Texas, a 600-megawatt campus in Maryland and a 300-megawatt development in Oregon.

Founded in 2020 by digital infrastructure investor Quinbrook Infrastructure Partners, Rowan secured a significant minority investment from Blackstone-managed funds in April 2026. The latest financing comes amid growing regulatory uncertainty surrounding US data centre development, although the company maintains that demand from hyperscale customers remains strong.

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