PANews, November 21st news, according to Bloomberg, Blackstone has invested over 500 million USD in Lancium to support the construction of over 5 gigawatts of data centers in West Texas. Lancium plans to develop five facilities in areas rich in wind and solar resources to meet the rapidly growing energy demands of artificial intelligence applications.

This investment will help Lancium fulfill its project funding needs, with expectations to launch by 2028. Lancium is also considering integrating zero-carbon resources such as solar energy and battery storage to promote the use of clean energy. The first data center campus is located in Abilene and is expected to be operational next year; this project is led by a joint venture of 3.4 billion USD co-invested with Blue Owl Capital, Crusoe Energy Systems, and Primary Digital Infrastructure.

Previously, Lancium primarily served cryptocurrency miners, but with the surge in AI demand, its business focus has shifted to the combination of data centers and clean energy. This transaction was financially advised by Goldman Sachs.

Blackstone invests $500 million to support Lancium in building an AI data center in West Texas.