Meta and BlackRock Partner to Invest Approximately $14 Billion to Develop a Data Center Campus
Source：
www.reuters.com
Meta announced a new strategic project to develop the El Paso data center in partnership with BlackRock. The El Paso data center represents an investment of over $10 billion by Meta. Funds managed by BlackRock will hold an 80% stake in the project, while Meta will retain the remaining 20% equity. The parties committed to proportionally sharing approximately $14 billion in construction and development costs for long-life power, cooling, and connectivity infrastructure within the campus.
