Meta Partners With BlackRock on $14B AI Data Center Campus in Texas on July 28

META-0.04%
BLK3.36%
According to Meta, the company and BlackRock announced a joint venture to develop and operate a data center campus in El Paso, Texas on July 28. The project is valued at approximately $14 billion. Meta will hold a 20% stake in the partnership, while BlackRock-managed funds will hold the remaining 80% ownership.
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