Meta and BlackRock are launching a $14 billion data center campus in El Paso, Texas, with BlackRock funding 80% via debt and cash, and Meta contributing land, early construction, and a $1 billion payout to balance the deal. The facility, set to deliver 1 gigawatt of power by 2028, will be exclusively leased by Meta for four years with 16-year extension options. Zuckerberg calls it critical infrastructure for the future of AI, while BlackRock’s Larry Fink highlights the speed and scale possible through this partnership.

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