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Meta and BlackRock team up on $14B data center in El Paso, signaling Wall Street's deepening bet on AI infrastructure
Meta and BlackRock partner on a $14 billion, 1-gigawatt data center in El Paso, Texas, with BlackRock taking 80% ownership in a deal reshaping AI
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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.
