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Meta and BlackRock establish joint venture to develop and operate 1 GW AI data center campus in Texas; $14B total investment

Major hyperscaler infrastructure commitment; signals ongoing massive capex for AI data center expansion
Trade pressSlicast · July 28, 2026 · US · Source: Yahoo Finance
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Data CentersMeta and BlackRock announced a joint venture to develop a major data center campus in El Paso, Texas, with approximately $14 billion committed for facility buildout, power infrastructure, and cooling systems. Meta will lease the entire campus under a 20-year flexible agreement.2026-07-28Data CentersMeta and BlackRock announce a joint venture to develop and operate a 1-gigawatt AI datacenter campus in Texas, with total capital commitment of $14B. Marks a major shift in datacenter financing structure (hyperscaler + institutional asset manager partnership).2026-07-28Data CentersMeta and BlackRock announced a joint venture to develop and operate a state-of-the-art data center campus in El Paso, Te2026-07-29Data CentersMeta and BlackRock establish joint venture to develop and operate a 1 GW AI data center campus in El Paso, Texas with ~$140B total capex commitment. BlackRock-managed fund holds 80% stake, Meta holds 20% and signs lease with 4+4-year renewal options (20-year maximum flexibility).2026-07-28Data CentersMeta and BlackRock announce $14 billion joint venture to develop and own data center campus in El Paso, Texas. BlackRock-managed funds hold 80%, Meta holds 20% with initial 4-year lease plus four 5-year renewal options.2026-07-28