What Rowan Digital Infrastructure does

Rowan Digital Infrastructure is a US-focused hyperscale data center developer founded in November 2020 by Quinbrook Infrastructure Partners. The company develops build-to-suit and powered shell data center campuses that it leases long-term to hyperscale technology customers — cloud providers and AI compute operators — with named anchors including a 'Top 5 US Technology Company' and a 'Top Global Technology Company'. Rowan is headquartered in Denver, Colorado with a secondary office in Seattle, Washington, and operates four major campus projects: Bauxite (630+ MW across three phases in Frederick County, Maryland), Cinco (300 MW in Medina County, Texas), Temple (300 MW in Central Texas, minimum $700M investment), and Percheron (300 MW in Oregon's Columbia River Gorge), spanning 1,790 acres across three states.

The core technology is large-scale, sustainable data center campus delivery: site selection and entitlement, utility-scale power procurement and substation integration, energy- and water-efficient construction, and turnkey or powered shell build-out. Rowan's proprietary differentiators are anchored in sustainability — a Green Finance Framework rated 'Strong' by Morningstar Sustainalytics, LEED and BREEAM-aligned construction, a 250% water offset program at Cinco through the Edwards Aquifer Authority, and measured sustainability outcomes at Bauxite I (17% energy efficiency improvement, 23% embodied carbon reduction, 75% construction waste diversion target). Senior technical leadership is staffed heavily with veterans of AWS, Microsoft, Google, Nvidia, Tesla, Meta, and Digital Realty.

Revenue is generated through a combination of development fees, construction financing economics, and long-term lease payments on powered shell and turnkey campuses delivered to hyperscale customers. Pricing is project-specific and not publicly disclosed, with individual project values typically ranging from $700M to $900M+. The company has secured over $7 billion in construction financing across its portfolio from more than 40 institutional lenders, and in April 2026 Blackstone acquired a 49% minority stake at an enterprise valuation of approximately $3.8 billion excluding debt. At the time of latest reporting, Rowan had 230 MW operational, 1.2 GW leased, 1.6 GW of contracted power, and a 6 GW pipeline across key markets.

Name

Rowan Digital Infrastructure

Legal name

Rowan Digital Infrastructure Pty Ltd

Website

https://rowan.digital

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Rowan Digital Infrastructure is a US-based hyperscale data center developer that delivers build-to-suit and powered shell campuses to top cloud and AI technology customers across Maryland, Texas, and Oregon, backed by Quinbrook and Blackstone.

Ownership category

akta.pro rank

Product category

Hyperscale Data Center Development

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210), Computer Facilities Management Services (541513)

SIC

Services-Computer Processing & Data Preparation (7374)

akta.pro primary industry

Hyperscale Data Center Campuses (Build-to-Suit) (HDABACAC)

Keywords

• Hyperscale data centers
• Powered shell solutions
• Turnkey data centers
• Data center site selection
• Green data center development

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Data Center Development and Leasing: Rowan develops hyperscale data center campuses and leases powered shell and turnkey facilities to hyperscale operators (cloud providers, AI companies) under long-term lease agreements. Revenue is generated through construction financing, development fees, and ongoing lease payments from customers.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Rowan Digital Infrastructure develops, finances, and delivers hyperscale data center campuses for cloud and AI operators through turnkey and powered shell delivery models. The company handles end-to-end scope including site selection, energy and infrastructure planning, sustainable construction, and long-term lease of facilities to creditworthy hyperscale tenants across campuses in Maryland, Texas, and Oregon.

Product overview

Rowan Digital Infrastructure is a hyperscale data center developer offering two primary product categories: turnkey data center campuses (fully designed, built, and delivered as complete ready-to-operate solutions including power, cooling, connectivity, and infrastructure) and powered shell offerings (buildings with core infrastructure allowing customer flexibility for interior completion). The company operates four named campus projects: Cinco (300 MW, Texas), Temple (300 MW, Texas), Percheron (300 MW, Oregon), and Bauxite 1, 2, 3 (630+ MW, Maryland). Rowan’s service offerings span site selection and land development, energy strategy and infrastructure, sustainability and ESG, and community and economic development. All projects are developed with a focus on speed, customer alignment, and responsible development practices.

Differentiator

Problem solved

Functional benefit

Products and services

• Turnkey Data Center Campus Fully designed, built, and delivered multi-building data center sites as complete ready-to-operate solutions including power, cooling, connectivity, and supporting infrastructure, allowing customers to deploy hyperscale capacity immediately.
• Powered Shell Data center buildings delivered with core infrastructure to support operations while allowing customers flexibility to complete interior systems to their specific requirements.
• Cinco Campus A 300 MW hyperscale data center campus located in Medina County, Texas, spanning 440 acres. Rowan's first Texas development demonstrating scale, speed, and sustainability; targeting a top hyperscale technology tenant.
• Temple Campus A 300 MW hyperscale data center campus in Central Texas covering approximately 700 acres, representing a minimum $700 million investment and a major milestone in Rowan's nationwide expansion.
• Percheron Campus A 300 MW hyperscale campus in Oregon's Columbia River Gorge on 275 acres, located in a premier fiber corridor; repurposes underutilized farmland for economic benefit with phased buildout targeting completion by 2030.
• Bauxite 1, 2, 3 Campus Rowan's flagship hyperscale campus in Maryland delivering over 630 MW of capacity for cloud and AI workloads across 375 acres, located in one of the most power-constrained markets in the U.S.
• Site Selection & Land Development Strategic site identification, acquisition, zoning, permitting, and due diligence services to de-risk projects early and support predictable delivery at scale; currently managing 6 active sites across 3 states totaling 1,790 acres.
• Energy Strategy & Infrastructure Planning, securing, and integrating power infrastructure including grid assessment, utility coordination, substation integration, and renewable energy pathways to meet hyperscale performance and reliability requirements.
• Sustainability & ESG Responsible development integrating environmental impact consideration from site selection through operations, including lower-carbon materials, energy efficiency, water conservation, waste diversion, and community engagement.
• Community & Economic Development Early community engagement, local contractor partnerships, workforce development, and long-term economic impact programs, including the Community Catalyst Program supporting local organizations.

Quantifiable outcome

• 230 MW operational capacity delivered
• +6 more outcomes

Named customers4 records

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered minor.

• Oncor Electric DeliveryminorStrategic or Co-development PartnerPower partnership with Oncor for the Temple data center campus, with power secured through this partnership to establish Temple as a central hub for digital innovation.
• Edwards Aquifer Authority (EAA)minorStrategic or Co-development PartnerRowan invested in an EAA conservation initiative to achieve 250% offset of water consumption at the Cinco project. Funds directed to the Edwards Aquifer Conservancy to help regional farmers transition to efficient irrigation systems.
• Corporate Energy Buyers Association (CEBA)minorStrategic or Co-development PartnerRowan joined CEBA to advance reliable, carbon-free power at scale and engage with energy buyers, suppliers, and service providers to shape policies, procurement strategies, and partnerships.
• Boys & Girls Clubs of Frederick CountyminorOthersRowan partnered with the organization to open a new Technology Lab providing students with access to computers and digital tools to support education and digital skills development.
• Habitat for Humanity of Frederick CountyminorOthersRowan partnered to build affordable workforce housing units, serving as a founding member of the Carter Club contributing $10,000+ annually.

Scale indicators16 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Stack Infrastructure: Stack Infrastructure is a hyperscale-focused data center developer operating large campuses across the US with build-to-suit and powered shell offerings. Its product mix, hyperscale customer focus, and rapid scale-up over the past several years make it a directly comparable peer to Rowan.
• QTS Data Centers: QTS Data Centers is a large hyperscale and enterprise data center operator owned by Blackstone following a 2021 take-private. It is now part of the same sponsor family as Rowan and competes directly for hyperscale campus opportunities with similar powered shell and build-to-suit offerings.
• T5 Data Centers: T5 Data Centers designs, builds, and operates custom hyperscale and enterprise data center facilities on a build-to-suit basis. Its custom data center delivery model, hyperscale customer focus, and concentration in select US markets make it a comparable peer to Rowan's platform.
• CyrusOne: CyrusOne is a major hyperscale and enterprise colocation data center provider with a significant build-to-suit campus portfolio across the US. It serves similar hyperscale customers and offers comparable powered shell and turnkey data center solutions, making it a direct competitor for large-scale campus deals.
• Vantage Data Centers: Vantage Data Centers is one of the largest global hyperscale data center developers, building and operating large-scale campuses on a build-to-suit and powered shell basis. Like Rowan, it targets hyperscale customers including top-tier cloud and technology companies with sustainability-focused design and dedicated campus deployments.
• Aligned Energy: Aligned Energy develops and operates hyperscale data center campuses with a strong focus on sustainable, efficient design including liquid cooling and adaptive infrastructure. Its build-to-suit model, hyperscale customer base, and emphasis on sustainability certifications closely mirror Rowan's positioning and product offering.
• Compass Datacenters: Compass Datacenters designs and builds hyperscale and enterprise data center campuses on a standardized, repeatable platform with a focus on sustainability. Its build-to-suit delivery model and hyperscale customer focus are directly comparable to Rowan's approach, though it is more focused on standardized single-building deployments than multi-building campuses.

Emerging players

• EdgeConneX: EdgeConneX specializes in hyperscale and edge data center development with a focus on building capacity in secondary markets near end users. Its hyperscale data center business overlaps with Rowan's, though it is smaller in scale and has a more pronounced edge networking orientation.

Broad incumbents

• Digital Realty: Digital Realty is one of the largest global data center REITs operating a broad portfolio of colocation, interconnection, and hyperscale facilities. While it offers hyperscale build-to-sut solutions, its broader enterprise colocation focus and REIT structure make it a broad incumbent rather than a direct peer to Rowan's pure hyperscale developer model.
• Equinix: Equinix is the largest global colocation and interconnection provider, serving a broad mix of enterprise, network, and cloud customers. While it does not focus on hyperscale build-to-suit, it competes indirectly for digital infrastructure capital and sits in the same broader data center ecosystem as Rowan.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/rowandigital

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles23 records

Funding overview

Funding rounds6 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rowan Digital Infrastructure