BlackRock-managed funds will own 80% of the venture, with Meta retaining 20% and leasing back the entire campus ...

BlackRock-managed funds will own 80% of the project, while Meta takes the entire campus under lease agreements and secures dedicated power for its AI expansion.

Facebook operator Meta Platforms is selling 80% ownership in the El Paso data center complex to BlackRock, will lease 1,000-acre campus.

Meta Platforms and BlackRock are building a 1 GW data center in El Paso, Texas. BlackRock holds 80 percent. Meta Platforms ...

The campus will be located in El Paso, Texas and is already under construction. It will have “1 gigawatt of compute capacity” and “will play an essential role in bringing Meta’s AI technologies to ...

Meta Platforms and asset manager BlackRock announced on Tuesday a venture to develop and operate a data center campus in El Paso, Texas. The project is expected to cost about $14 billion in ...

Meta stock plummeted almost 10% earlier this year—wiping $175 billion from its market cap—after the company hiked its expected capital spending for AI infrastructure.

Meta, BlackRock form $14 billion venture to develop AI data center campus in Texas Proactive uses images sourced from Shutterstock Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) and BlackRock ...

Meta Platforms and BlackRock have formed a joint venture to develop and own a ...

Meta shares have fallen about 10% so far this year, as investors scrutinize the costs of AI expansion. The company is scheduled to report earnings on July 29.