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CHESTERFIELD, Va. - A major transaction has been finalized in the data center sector, with Blue Owl Capital (NYSE: OWL), Chirisa Technology Parks (CTP), and PowerHouse Data Centers announcing the closure of a $750 million deal. Blue Owl, with its robust market capitalization of $29 billion and impressive 33% revenue growth over the last twelve months, continues to demonstrate strong execution capability. This marks a significant step in their $5 billion joint venture partnership aimed at developing AI/HPC data center projects.According to InvestingPro analysis, Blue Owl maintains a healthy financial position with a strong current ratio of 2.4, indicating solid liquidity to support its ambitious expansion plans.
The partnership, which began in August 2024, reached a new milestone with this second tranche of investment. The construction of the new facilities commenced last year at CTP’s 350-acre campus in Chesterfield, VA. The initial phase includes 120MW of critical infrastructure slated for delivery in 2025 and 2026. These developments are integral to CoreWeave’s expansion, a rapidly growing cloud infrastructure provider specializing in AI workloads. Blue Owl’s attractive 4.81% dividend yield and consistent dividend growth make it an interesting option for investors seeking exposure to the growing data center sector.
CTP’s campus is designed to support dense GPU clusters vital for large-scale AI operations. It boasts a proprietary ’direct-on-chip’ liquid cooling technology, nearly doubling the energy efficiency compared to traditional air-cooled systems. This innovation plays a crucial role in promoting sustainable data center practices.
Lee Hayes, President & CEO of CTP, highlighted the partnership’s focus on providing large-scale capacity for the AI ecosystem swiftly. Doug Fleit, CEO and Co-founder of PowerHouse, emphasized their commitment to building scalable, eco-friendly digital campuses for AI infrastructure deployment.
Marc Zahr, Global Head of Real Assets at Blue Owl, pointed out the transaction’s importance in establishing foundational infrastructure for AI-native cloud companies. The venture leverages PowerHouse and CTP’s expertise in development and operations, coupled with Blue Owl’s financial resources, to support hyperscale deployments.
Blue Owl (NYSE: OWL) is an asset manager with $273 billion in assets under management as of March 31, 2025. Chirisa Technology Parks has a 25-year history in digital infrastructure, offering over 500,000 square feet of data center capacity. PowerHouse Data Centers, an AREP company, is a developer of next-generation data centers with 86 projects underway or planned.
This development is poised to enhance the AI and cloud computing landscape, providing CoreWeave and other companies with the necessary infrastructure to grow. InvestingPro analysis indicates Blue Owl maintains a "GOOD" overall financial health score, though current trading levels suggest the stock may be undervalued relative to its Fair Value. For detailed insights into Blue Owl’s financials and growth prospects, including over 30 key metrics and exclusive ProTips, investors can access the comprehensive Pro Research Report available on InvestingPro. The information for this article is based on a press release statement.
In other recent news, Blue Owl Capital Inc. reported its first-quarter 2025 earnings, revealing mixed results. The company posted earnings per share of $0.17, which fell short of the forecasted $0.19. However, Blue Owl’s revenue surpassed expectations, reaching $683.49 million against the anticipated $628.65 million. Additionally, the firm declared a 25% increase in its annual fixed dividend for 2025. In another significant development, Blue Owl announced the closure of its Digital Infrastructure Fund III at $7 billion, surpassing its $4 billion target. This fund will focus on investments in data centers and connectivity assets to meet the growing demands of artificial intelligence and cloud infrastructure. Furthermore, Blue Owl’s recent partnership with Crusoe and Primary Digital Infrastructure involves a $15 billion joint venture to expand an AI data center in Abilene, Texas. This expansion is expected to significantly impact the local economy and job market.
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