Stack Infrastructure Inc, a data centre operator owned by Blue Owl Capital, is exploring strategic options that include a potential sale of its Asian operations, according to people familiar with the matter.
The Denver-based company has reportedly been in discussions with potential advisers regarding a partial or full divestment of its assets across Australia, Japan and Malaysia, the sources said, noting that talks are private and ongoing. A possible transaction could be valued at more than US$30 billion (RM117.75 billion).
The sources added that infrastructure-focused funds and industry players are expected to show interest, although discussions remain at an early stage and no final decisions have been made.
Blue Owl declined to comment, while Stack did not respond to requests for comment.
The potential sale comes amid strong investor interest in data centre assets, driven by rapid growth in artificial intelligence (AI) and digital infrastructure demand. The Asia-Pacific region has seen a surge in related deal activity, with several major players reportedly reviewing or marketing assets.
Recent reports have also pointed to possible transactions involving other data centre operators in the region, as investors look to capitalise on long-term demand growth.
According to Moody’s Ratings, global investment in the data centre sector could exceed US$3 trillion over the next five years, with a significant portion expected to be funded through debt financing. However, analysts have also raised concerns about sustainability risks linked to the rapid expansion of AI-driven infrastructure.
Stack operates data centres across the Americas, Europe and Asia, and expanded into the Asia-Pacific region in 2021, establishing its regional headquarters in Singapore. The company has pursued both organic growth and acquisitions in the region.
In recent funding activity, Stack had previously sought a loan of around A$3 billion (US$2.2 billion) to support expansion in Australia and also secured a ¥39.7 billion (US$253 million) green financing facility to expand its data centre campus near Tokyo.
