Meta and BlackRock Plan to Invest in $14 Billion Texas Data Center
Deals·1 article across 1 outlet
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Meta Platforms Inc. and BlackRock Inc. will establish a joint venture to build and operate a 1-gigawatt data center complex in Texas, adding to a wave of investment in the computing hubs that power artificial intelligence.
The data center campus, located in El Paso, is set to cost approximately $14 billion and is expected to bring capacity online starting in 2028.
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“Meta Platforms Inc. and BlackRock Inc. will establish a joint venture to build and operate a 1-gigawatt data center complex in Texas, adding to a wave of investment in the computing hubs that power artificial intelligence.”
Bloomberg — Meta, BlackRock Plan to Invest in $14 Billion Texas Data Center“Meta Newsroom: 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 and BlackRock”
techmeme — 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)