Blackstone has announced its acquisition of AirTrunk, the largest data center platform in Asia, for A$24 billion. This deal solidifies Blackstone's position as the largest data center provider globally. AirTrunk, founded in 2015, operates data centers across Australia, Japan, Singapore, Malaysia, and Hong Kong, and is a key partner for leading global cloud companies. Under Blackstone's ownership, AirTrunk aims to expand its network further and grow into a business valued at A$100 billion.

The acquisition aligns with Blackstone's broader strategy in digital infrastructure, including previous investments in QTS, a US and European data center provider, and initiatives such as Lumina CloudInfra in India. Blackstone’s current portfolio in the sector exceeds $70 billion, with plans to expand its development pipeline to over $100 billion. This strategy supports the rising demand for AI and cloud computing infrastructure, as well as renewable energy solutions to power data centers. Blackstone views investments in AI infrastructure, including data centers, cell towers, and GPU systems, as critical components of the 21st-century economy.