Meta and BlackRock form a strategic venture to develop a 1GW data center campus in El Paso, set to cost ~$14B and bring capacity online starting in 2028 (Meta Newsroom)
BlackRock is taking the financing load for Meta’s El Paso AI campus while Meta keeps the data center capacity.
Meta and BlackRock announced a venture to finance, develop, and operate a 1GW data center campus in El Paso, Texas. Techmeme’s note says the project is expected to cost about $14B, with capacity starting to come online in 2028. The roundup also points to reports that BlackRock will own 80% of the venture. Techmeme's note
Meta and BlackRock announced a venture to finance, develop, and operate a 1GW data center campus in El Paso, Texas. Techmeme’s note says the project is expected to cost about $14B, with capacity starting to come online in 2028. The roundup also points to reports that BlackRock will own 80% of the venture. Techmeme's note
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