Blackstone Seizes Bigger Role in U.S. Data Center, AI Markets

January 28, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--Blackstone Incorporated (NYSE:BX) (New York, New York) recently acquired a power plant in northern Virginia's Loudon County, which is home to about 25% of U.S. data center capacity. The deal could make Blackstone one of the leading providers of power to domestic data centers--a sector in which the company, through subsidiary Quality Technology Services (QTS), already has an established presence. Industrial Info is tracking more than $32 billion worth of active and proposed data center projects across the U.S. from Blackstone, more than 25% of which is attributed to projects nearing or under construction. QTS owns and operates more than 25 data centers and data-center campuses across the U.S., including nine in Virginia. Other companies featured: Microsoft Corporation (NASDAQ:MSFT) and NVIDIA (NASDAQ:NVDA)