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Meta and BlackRock Partner to Invest $14 Billion in El Paso Data Center with 1 Gigawatt Capacity

2026-07-28 09:41:23

META-0.03%

BLK3.32%

According to BlockBeats, on July 28, Meta and BlackRock announced a strategic partnership to develop a data center in El Paso. The two companies will jointly invest approximately $14 billion in development costs, with Meta contributing $2.3 billion in assets and BlackRock providing $4.9 billion in cash at deal completion. The El Paso data center will feature 1 gigawatt of computing capacity, with operations expected to begin in 2028. Meta will serve as the facility's first exclusive user and provide management services.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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