Meta to build $14B El Paso data center campus with BlackRock
today announced plans to build an artificial intelligence data center campus in El Paso, Texas. The project is a collaboration with BlackRock Inc. , the world's largest asset manager.
Key Takeaways
- SiliconANGLE UPDATED 21:26 EDT / JULY 28 2026 AI Meta to build $14B El Paso data center campus with BlackRock by Maria Deutscher Meta Platforms Inc.
- Meta will be the site's sole user when it comes online in 2028.
According to the Facebook parent, its lease has a four-year initial term that can be optionally renewed four times.
- In return, the investment firm made a $7 billion cash contribution to the project.
Meta expects its El Paso campus to provide 1 gigawatt of AI-optimized computing capacity.
- Meta expects that number to range between $125 billion and $145 billion this year.
The cloud business that Meta is believed to be building could ease its efforts to realize a return on investment.
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Stats & Key Facts
- #The two companies plan to invest $14 billion in the campus.
- #The two companies plan to invest $14 billion in the campus.
- #3 billion worth of physical assets including on-site facilities that are currently under construction.
- #The asset management also intends to make a $1 billion payment to Meta.
SiliconANGLE UPDATED 21:26 EDT / JULY 28 2026 AI Meta to build $14B El Paso data center campus with BlackRock by Maria Deutscher Meta Platforms Inc. today announced plans to build an artificial intelligence data center campus in El Paso, Texas. The project is a collaboration with BlackRock Inc.
, the world's largest asset manager. The two companies plan to invest $14 billion in the campus. Meta and BlackRock expect to finalize their joint venture agreement in the coming days.
Upon signing, the Facebook parent will contribute $2. 3 billion worth of physical assets including on-site facilities that are currently under construction. BlackRock, in turn, will invest $4.
For more details please read the original article at SiliconANGLE AI.
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