HPS Investment Partners

Meta Teams Up With BlackRock For $14 Billion Texas AI Data Center

Meta and BlackRock are partnering on a $14 billion AI data center project in El Paso, Texas. BlackRock will own 80% and Meta 20% of the facility, which is already under construction and expected to provide 1 gigawatt of compute capacity. Meta will be the sole occupant under a long-term lease, while both companies are also investing in local workforce development and STEM education.