Meta and BlackRock plan $14B 1GW El Paso AI data center
Meta and BlackRock have formed a strategic venture to develop a 1GW data center campus in El Paso, Texas, with a projected cost of about $14 billion. Operations are targeted to begin in 2028 as institutional capital pairs with hyperscaler demand for AI compute.
Key takeaway
Gigawatt AI campuses are crossing into mainstream asset-management territory, so future compute supply will increasingly track real-estate financing cycles as much as chip roadmaps.
Context
Techmeme reports Meta and BlackRock are joining to finance and operate a planned 1GW campus in El Paso, Texas, with an estimated cost near $14 billion and a 2028 start. The structure leans on BlackRock capital and real-estate expertise alongside Meta demand for large-scale AI infrastructure.
Unlike chip-lease deals that lock GPU capacity for a single vendor stack, this pairing frames hyperscale power and land as a co-developed financial project. That makes the story a distinct infrastructure financing signal rather than another GPU procurement headline.
Numbers to know
- $14BProjected cost of the El Paso campus
- 1GWPlanned campus power capacity
- 2028Target year for operations to begin