Blackstone’s investment covers Lancium’s capital needs to bring the sites online by about 2028. — Bloomberg
HOUSTON: Blackstone Inc has invested more than US$500mil in Lancium Inc, which is building more than 5GW of data centres in West Texas with an eye on supplying the booming energy demand for artificial intelligence (AI) applications, according to people familiar with the matter.
The company closed the equity stake in recent weeks in a transaction supporting Lancium’s plans to build five facilities in wind and solar-rich areas of the state, said the people, who asked to not be identified because the deal isn’t public.
