Blackstone Digital Infrastructure Trust Inc. raised $1.75 billion by selling 87.5 million shares at $20 each in a US initial public offering priced and sold on May 13, 2026 [1, 2, 3]. The IPO is the largest ever for a real estate investment trust (REIT) structured as a "blind pool," with no acquisitions yet made [3].
The trust plans to acquire newly built and leased data centers that benefit from the artificial intelligence infrastructure boom [1, 2, 3]. It is targeting data centers valued between $250 million and $1.5 billion that are leased to investment-grade hyperscalers, large customers with strong credit ratings [3].
Investors in the offering received a 1% bonus in additional shares, rounded down to the nearest whole share [3]. An affiliate of Blackstone expressed interest in purchasing up to $200 million of shares in the trust's vehicle [3].
The trust will be externally managed by a Blackstone-affiliated entity, which holds fees and priority to acquire data centers for 24 months after the IPO [3]. The company stated, "With an estimated US$1 trillion total addressable stabilised data centre market expected over the next five years, we believe the industry represents a substantial investment opportunity" [3].
Blackstone Digital Infrastructure Trust is positioning itself to capitalize on the growing demand for digital infrastructure driven by AI and cloud computing. The company will now seek acquisitions aligned with its strategy of buying stabilized data centers leased to high-quality customers.
The trust’s next major milestone will be its initial acquisitions funded by the IPO proceeds, expected within the coming months.
