Blackstone’s AI Data Center Powerhouse QTS Expands Rapidly Amid Leadership Shakeup

Blackstone's $10 billion acquisition of QTS has transformed the company into North America's dominant data center operator, now serving as critical infrastructure for AI, cloud computing, and national security. The portfolio's development pipeline exploded from $1 billion to $25 billion under new ownership, with power capacity reaching 3 gigawatts - enough to electrify 2 million homes.

Founder Chad Williams' abrupt $3 billion departure shocked employees following two decades of growth that took QTS from Kansas startup to $60 billion industry leader. Insiders suggest the exit wasn't entirely voluntary, coming despite board discussions about retention incentives through 2031.

Williams' faith-driven leadership style - featuring prayer meetings and veteran hiring preferences - clashed with Blackstone's growth ambitions. His brick-by-brick approach contrasted sharply with the private equity firm's aggressive expansion strategy for the AI infrastructure play.