Climate
Privacy
Bob Dylan
Drones
Data Centers
AI Governance
2026 Maine Senate Race
Last Update: 08/01/2026 at 12:01 PM EST
Meta, BlackRock Form $14B El Paso Data Center Venture
Coverage from Meta Investor Relations, CNBC, and others
Articles
4
Days Since Update
3
The Story
Meta Platforms and BlackRock have formed a venture to develop and own a roughly $14 billion, AI-focused data center campus in El Paso, Texas. BlackRock-managed funds will hold 80% of the venture and Meta 20%, while Meta will lease the full campus as its initial sole occupant. The site is under construction, is designed for 1 gigawatt of compute capacity, and is expected to begin bringing capacity online in 2028.
First Article: 07/30/26
Latest Article: 07/30/26
The Bigger Picture
Articles in this story are part of a shaping these topics.
Meta Expands Hyperion to 5 GW
Meta plans to expand Hyperion in Richland Parish to 5 GW of compute capacity across a site exceeding 3,200 acres.
Investors Buy Data Centers for AI
I Squared Capital agreed to acquire 10 Cogent facilities for $225 million, covering about 53 MW and 259,000 square feet across nine U.S. markets.
Articles
07-28-2026
Meta Investor Relations
Meta and BlackRock announced an 80/20 venture to build and own a 1 gigawatt El Paso data center campus, with capacity online expected in 2028.
07-28-2026
CNBC
Meta and BlackRock announced an $14 billion venture for an El Paso, Texas data center campus under construction, targeting 1 gigawatt compute and 2028 operations.
07-28-2026
Reuters / Jaspreet Singh
Meta and BlackRock announced a $14 billion El Paso, Texas data center venture expected to start operations in 2028 with 1 gigawatt compute capacity.
07-28-2026
PR Newswire
Meta and BlackRock are funding an El Paso, Texas data center campus in a venture that targets 1 gigawatt capacity and begins onboarding in 2028.