Blackstone Group makes a strategic investment of over $500 million in Lancium to develop AI data centers in West Texas

ChainCatcher news, according to Bloomberg, informed sources revealed that Blackstone Inc. has recently completed a strategic investment of over $500 million in Lancium Inc.

Lancium plans to build five data centers in the resource-rich areas of wind and solar energy in West Texas, with a total capacity of over 5 gigawatts, expected to be operational by 2028. The project aims to meet the energy demands of the surge in AI applications, including plans for on-site solar power generation and energy storage facilities.