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Meta and BlackRock form a $14bn venture to build an El Paso AI data centre
Meta and BlackRock have formed a $14bn joint venture for a one-gigawatt El Paso data centre, with BlackRock funds owning 80% and Meta leasing it back.
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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.
