Meta, BlackRock Partner for $14 Billion Data Center Project
Meta Platforms and BlackRock have partnered to develop and operate a massive data center campus in El Paso, Texas, valued at roughly $14 billion.
Meta, BlackRock Partner for $14 Billion Data Center Project
Meta Platforms and BlackRock have partnered to develop and operate a massive data center campus in El Paso, Texas, valued at roughly $14 billion. The deal will see BlackRock-managed funds hold an 80% stake in the venture, while Meta will hold the remaining 20%. The data center campus will be a major investment in the US, and the partnership will provide a significant boost to the local economy. The project is expected to create thousands of jobs and stimulate economic growth in the region.