Blackstone data center REIT IPO

Blackstone is launching a major initial public offering for its new data center-focused real estate investment trust, aiming to raise $1.75 billion.

The vehicle, named Blackstone Digital Infrastructure Trust, is designed to capitalize on the explosive demand for AI-related computing power.

This move underscores the growing institutional interest in the physical infrastructure required to support large-scale artificial intelligence models.

The IPO comes as Blackstone continues to pivot its portfolio toward technology and digital assets amid a broader shift in the commercial real estate market.