Blackstone close to acquiring data center firm Rowan - report. Data center firm valued at $10 billion, according to reports March 26, 2026 Investment giant Blackstone is reportedly close to acquiring data center provider Rowan. Citing people close to the matter, The Information reports that Rowan Digital Infrastructure has been valued at $10 billion, including debt. - Rowan Digital Infrastructure Discussions are reportedly ongoing, and there's no guarantee an agreement will be reached. Set up in 2021 by Quinbrook Infrastructure Partners and Birch Infrastructure, Rowan (formerly known as Rowan Green Data)is developing in Maryland and Oregon, and has sites in Texas near Temple and San Antonio. The University Pension Plan Ontario is an investor in the company. The Information first reported that Rowan was evaluating its options back in December. The company has reportedly had similar talks with Wren House Infrastructure (owned by the Kuwait Investment Authority)and investment firm Sixth Street. The companies declined to comment to the publication. Blackstone has thrown a lot of its weight behind AI data center development in recent years with myriad data center investments, and has plans to become one of the biggest investors in AI infrastructure. In 2021, Blackstone acquired QTS Data Centers for $10 billion. It acquired APAC operator AirTrunk for $16.1bn in 2025 alongside the Canada Pension Plan Investment Board. The investment firm has also taken stakes in Vnet, Lumina CloudInfra, Copeland, Park Place Technologies, and Winthrop Technologies, as well as a number of joint ventures with COPT, Digital Realty, and others. More in investment / M&A / financing.

Temple City Council approves water service agreement for data center. Posted 10:13 PM, Mar 05, 2026 and last updated 6:20 PM, Mar 06, 2026 TEMPLE, Texas (KXXV) - Temple City Council approved an utility service agreement for the Rowan Data Center in South Temple. Here is what you should know: * The center will use a closed-loop system that would use a one-time 1-2,000,000 gallons of water to last 15 * The center will have a limit of 4,000 gallons of daily usage * Neighbors voiced their concerns over potential water contamination and drought contingency plans * Rowan Digital Infrastructure shared with 25 News the closed loop system remains effective in temperatures above 84 degrees and the data center does not require a continuous supply of water. Watch the story here: Broadcast transcript: Concerns of drought. "Lake Belton is receding due to the fact we have only had one day of measurable rain in February of 2026." Transparency. "Take the time to be transparent take the time to not gloss over these things. It seems trivial to you, but for us it affects our children." And contamination. "It's not just the data center. We have to control our water else. We're gonna get ourselves to a point we can't recover from." Filled the speakers of temple city council chamber as leaders considered a utility service agreement for the rowan data center campus "We have talked about agreements extensively with the company. We are making sure that the amount of uses are true need and there's no fluff numbers in that." The agreement proposes a one time usage of 2,000,000 gallons for the closed loop system and a limit of 4,000 gallons a day for daily usage, but neighbors are worried about the potential need for more in the future taking local resources. "They said closed loop system doesn't use any extra water, but if you read the fine print, it's until it gets to 84 degrees.We have over 200 days a year of 84 degrees here.So why is this a great place?You're only going to use more water if it's over 84 degrees?" Sarah Royer is one of the founders of the Facebook group stop temple data centers, she tells 25 News its not about stopping the center just having more information. "We're just wanting to to stop data centers for now. we need to see what the actual impact is in our community." City council vote 4-0 to approve the utility service plan.

Rowan secures $500m for 300MW Texas data center project. Funds to go towards San Antonio project February 12, 2026 Rowan Digital Infrastructure has secured new financing to fuel build-out at its data center campus being developed outside San Antonio, Texas. - Rowan Digital Infrastructure The Quinbrook-backed company this week announced the successful financial close of approximately $550 million of construction financing for Cinco, the company's 300MW data center development in Medina County, Texas. Completed under Rowan's new Green Loan Framework, the financing will support the first development phase at Cinco, which broke ground in September 2025. "Securing this financing under our new Green Loan Framework - and with such a sophisticated group of partners - is an important validation of Rowan's development strategy and high-quality project portfolio," said Kevin Mammel, CFO at Rowan. "Cinco demonstrates our ability to execute at scale, to raise capital in a disciplined and credible way, and to align our growth with high-integrity financing standards." Rowan broke ground on the Cinco project in August. The 440-acre site is expected to be fully operational in 2027. The first 60MW phase is due online this year. Up to $900 million could be invested in total. Rowan has raised more than $4 billion of debt funding in the last 18 months from more than 40 lenders, including more than $3 billion in financing for its flagship Maryland campus and a $300 million credit facility. This latest transaction was led by TD and Mizuho as co-structuring agents, coordinating lead arrangers, and joint bookrunners, with Huntington National Bank and ICBC acting as coordinating lead arrangers and joint bookrunners. Lloyds Bank participated as the joint lead arranger in collaboration with another institution. TD served as green loan advisor. Rowan is also developing in Maryland, Oregon, and has a second Texas site near Temple. The University Pension Plan Ontario is an investor in the company. More in investment / M&A / financing.