Blue Owl and Partners Advance $5 Billion Data Center Venture

Blue Owl Capital, Chirisa Technology Parks, and PowerHouse Data Centers have closed a $750 million transaction as part of their $5 billion joint venture to develop AI data centers.

Blue Owl Capital, Chirisa Technology Parks, and PowerHouse Data Centers have announced the closing of a $750 million transaction in their joint venture, which aims to deploy up to $5 billion for AI and HPC data center developments. This partnership, launched in August 2024, focuses on supporting CoreWeave and other hyperscale and enterprise data center customers announced in a press release.

Construction began in 2024 at Chirisa's 350-acre campus in Chesterfield, VA, with an initial 120MW of new critical facilities expected to be delivered in 2025 and 2026. The campus is designed to support dense GPU clusters and advanced computing technologies, featuring a proprietary 'direct-on-chip' liquid cooling system that is nearly twice as energy-efficient as traditional systems.

The venture combines the development expertise of PowerHouse and Chirisa with Blue Owl's financial strength, aiming to deliver scalable and sustainable digital campuses. The Chesterfield facility offers robust access to power and fiber, emphasizing sustainability and innovation in its design and operations.

We hope you enjoyed this article.

Consider subscribing to one of several newsletters we publish like Silicon Brief.

Also, consider following us on social media:

AI Chips & Datacenters
AI Brief (X)

More from: Chips & Data Centers

Subscribe to Silicon Brief

Weekly coverage of AI hardware developments including chips, GPUs, cloud platforms, and data center technology.

AI Token Webinar

Whitepaper

Stanford HAI’s 2025 AI Index Reveals Record Growth in AI Capabilities, Investment, and Regulation

The 2025 AI Index by Stanford HAI provides a comprehensive overview of the global state of artificial intelligence, highlighting significant advancements in AI capabilities, investment, and regulation. The report details improvements in AI performance, increased adoption in various sectors, and the growing global optimism towards AI, despite ongoing challenges in reasoning and trust. It serves as a critical resource for policymakers, researchers, and industry leaders to understand AI's rapid evolution and its implications.

Read more

You May Also Like