Meta Platforms and BlackRock announced on Tuesday that they have formed a joint venture to develop and operate a data‑center campus in El Paso, Texas. The partnership aims to build and run a large facility intended primarily to meet Meta’s growing compute requirements.
The investment is valued at roughly $14 billion. Under the agreement, Meta Platforms and BlackRock will jointly finance the project and share in its operation. The deal also highlights that major financial players such as BlackRock are increasingly participating in infrastructure projects tied to artificial intelligence and high‑performance computing.
Significance of the project
- The facility is intended to expand Meta’s computing capacity to address the company’s rising demand.
- The approximately $14 billion scale of the investment demonstrates the resources Meta is allocating to AI‑related infrastructure.
- BlackRock’s involvement indicates that institutional investors see data centers and AI infrastructure as an investment opportunity.
The announcement was reported by Reuters. The original report did not provide further specifics such as the project timeline, exact delivery dates, or detailed technical specifications.
