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Meta, BlackRock partner on $14 billion El Paso data center
July 28 : Meta Platforms and investment manager BlackRock on Tuesday formed a venture to develop and operate a data center campus in El Paso, Texas, a project valued at about $14 billion, as the social media giant aggressively builds AI infrastructure.
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forbes.com
BlackRock Buys 80% Stake In New Meta Data Center
Meta stock plummeted almost 10% earlier this year—wiping $175 billion from its market cap—after the company hiked its expected capital spending for AI infrastructure.
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about.fb.com
Meta Announces New Strategic Venture With BlackRock to Develop Data Center in El Paso
Meta and BlackRock announce a venture to finance the development and operation of a data center campus in El Paso, Texas.
