Digital Realty buys Blackstone data centers for $3.5B amid AI demand

Digital Realty Trust is acquiring full ownership of three Northern Virginia data centers from Blackstone for $3.5 billion in a cash-and-stock transaction. This move significantly expands Digital Realty's footprint to meet the escalating demand for AI-driven data center infrastructure. The acquisition is expected to be accretive to Digital Realty's earnings and highlights the critical role of scale and power access in the current AI buildout. AI

IMPACT Accelerates AI infrastructure buildout by consolidating hyperscale data center ownership and capacity.

RANK_REASON Significant acquisition of data center assets by a major operator to meet AI-driven demand. [lever_c_demoted from significant: ic=1 ai=0.7]

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• Blackstone Inc.
• Digital Realty Trust
• Greg Wright
• HyperFrame Research
• Manassas
• Matt Mercier
• Northern Virginia
• Paris
• Sterling
• Steven Dickens

• infra
• funding

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