Observed Signal · Jun 30, 2026 · M&A · Source: CNBC Technology · Impact: 3/5 · Sentiment: Neutral
Digital Realty Buys $3.5B Stake in Blackstone Data Centers
Digital Realty announced on June 30, 2026 that it is acquiring a $3.5 billion stake in three Northern Virginia data centers from asset manager Blackstone. The deal will be funded with $1.2 billion in cash and $2.3 billion in shares and values the facilities at $7.8 billion. Digital Realty is buying Blackstone’s 80% interest in two 96-megawatt data centers in Manassas and a 50% interest in a 96-megawatt facility in Sterling. The company’s shares fell in premarket trading following the announcement. The transaction was expected to be completed on the same day of the announcement.
Large $3.5B stake purchase in Northern Virginia data centers affects ownership and capacity of critical cloud/AI infrastructure concentrated in a key market; transaction size and valuation have market and operational implications for enterprise infrastructure providers and energy/logistics in the region.
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Key Takeaways & Evidence Grounding
- Digital Realty agreed to acquire a $3.5 billion stake in three data centers from Blackstone.
- Purchase consideration: $1.2 billion cash and $2.3 billion in Digital Realty shares.
- The three Northern Virginia data centers are valued at $7.8 billion in total.
- Digital Realty will buy Blackstone’s 80% interest in two 96-megawatt data centers in Manassas and a 50% interest in one 96-megawatt data center in Sterling.
- Digital Realty shares fell about 3.7% in premarket trading after the announcement.
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“A Digital Realty data center in Sterling, Virginia, US, on Sunday, May 31, 2026. Lexi Critchett | Bloomberg | Getty Images...”
“A Digital Realty data center in Sterling, Virginia, US, on Sunday, May 31, 2026. Lexi Critchett | Bloomberg | Getty Images...”
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