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Data Center View - May 13, 2026 - KDC takes 10% stake in Eagle Mountain Data

Data Center View - May 13, 2026 - KDC takes 10% stake in Eagle Mountain Data

CoreWeave lands $6B AI cloud commitment. Blackstone prepares data center investment vehicle. Prologis ramps up development. Emerging class of AI cloud providers projected to reach $400B in revenue. Two new data center deals.

Matt H
May 13, 2026

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NEWS ROUNDUP

M&A: KDC takes 10% stake in Eagle Mountain Data. KDC Partnership has acquired a 10% stake in Eagle Mountain Data as part of a deal designed to accelerate development of the company’s 1,000-megawatt portfolio of AI factories across the continental United States. KDC also secured the right to increase its ownership by another 30%, though Eagle Mountain’s existing management team, led by CEO Alan Niedzwiecki and COO Thomas Schneider, will retain control of daily operations and strategic execution. Harold Kamine, co-founder of KDC, said the combined teams bring decades of experience in energy, fiber, and infrastructure and are positioned to deliver capacity faster.

INVESTMENT: CoreWeave lands $6 billion AI cloud commitment. CoreWeave said Jane Street has committed about $6 billion to use its AI cloud platform. Jane Street also made a $1 billion equity investment in CoreWeave Class A common stock at $109 per share. Jane Street said the deal supports its growing use of machine learning in global financial markets, while Max Hjelm, CoreWeave’s senior vice president of revenue, said the trading firm is pushing the scale and complexity of its models in a way that fits CoreWeave’s platform.

INVESTMENT: Blackstone prepares public data center investment vehicle for retail investors. Blackstone is moving to bring its data center investment business directly to retail investors by registering Blackstone Digital Infrastructure Trust with the SEC ahead of a potential IPO under the ticker BXDC.

DEVELOPMENT: Prologis ramps up development. Prologis said it started about $2.1 billion of new development in the first quarter, with data centers accounting for roughly $1.3 billion, or 62%, surpassing its traditional warehouse business for the period. Chris Caton, Prologis’ managing director of global strategy and analytics, said companies that support the data center sector are also becoming a more important source of logistics demand, growing from 5% of new leases a year ago to 10% now. CEO Dan Letter said the business continues to perform strongly despite geopolitical uncertainty, while CFO Tim Arndt said the company is moving further into a market inflection point as demand improves and vacancy levels stabilize.

READ: Emerging class of AI cloud providers projected to reach $400 billion in revenue.

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