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Meta, BlackRock Plan $14B AI Data Center in El Paso, Opening 2028

AI Industry News

2026-07-28 23:42:59

META-0.04%

BLK3.36%

According to Bloomberg, on July 28, Meta Platforms and BlackRock plan to build a 1-gigawatt AI data center complex in El Paso, Texas, valued at approximately $14 billion. The site is set to open in 2028 with Meta as the initial sole tenant. BlackRock-managed funds will own 80% of the joint venture, while Meta holds the remaining 20%. Meta will contribute land and assets valued at $2.3 billion and receive a one-time payment of $1 billion, while BlackRock will contribute $4.9 billion in cash.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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