Blue Owl focuses on financing chips and equipment for AI data centers

Blue Owl’s AI compute infrastructure business focuses on financing the chips and other equipment installed inside data centers, alongside the firm’s data-center investing practice. Blue Owl says it owns more than 100 data centers worldwide, representing about 10 gigawatts of compute.

The team estimates that every $25 spent on a data center can be followed by about $75 spent on chips over five years. Blue Owl says it combines data-center investing, direct lending and leasing capabilities to structure financing solutions for AI infrastructure operators, citing IREN as an example; the discussion did not provide the transaction’s full financial terms or clarify the exact scope of its IREN financing.