Blackstone Files for $2 Billion IPO of Digital Infrastructure Trust

Blackstone Inc. is preparing an initial public offering that could raise approximately $2 billion for a new acquisition company focused on data center assets, according to people familiar with the matter. The Blackstone Digital Infrastructure Trust would target investments in data centers and related digital infrastructure as demand for compute capacity continues to surge. The filing reflects growing institutional appetite for exposure to cloud computing and AI-driven infrastructure expansion. Data centers have become a focal point for infrastructure investors as technology companies race to expand capacity for artificial intelligence workloads. The sector has attracted significant capital from private equity firms seeking stable, long-term returns from assets with contracted revenue streams. Blackstone, one of the world's largest alternative asset managers, has been an active investor in digital infrastructure. The proposed trust structure would provide public market investors access to a portfolio of data center assets. The offering comes as data center development accelerates globally to meet demand from cloud providers and AI labs. Supply constraints in power and construction have created competition for prime development sites. Blackstone declined to comment on the proposed offering.