Financing July 28, 2026 Meta El Paso Data Center

Meta and BlackRock form an 80/20 ownership venture to develop Meta's El Paso campus

Meta announced a venture with BlackRock-managed funds to develop and own its 1 GW El Paso campus, BlackRock funds own 80%, Meta retains 20% and remains the initial sole occupant after completion. Meta contributes ~$2.3B of land and construction-in-progress assets; BlackRock contributes ~$4.9B in cash.

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