โก ๐๐๐๐๐๐: Meta and BlackRock Form $๐ญ๐ฐ ๐๐ถ๐น๐น๐ถ๐ผ๐ป AI Data Center Joint Venture - $Meta Platforms(META.US) $BlackRock(BLK.US)
๐ ๐๐ฒ๐ ๐๐ถ๐ด๐ต๐น๐ถ๐ด๐ต๐๐:โค ๐ ๐ฒ๐๐ฎ and ๐๐น๐ฎ๐ฐ๐ธ๐ฅ๐ผ๐ฐ๐ธ launch a $๐ญ๐ฐ ๐ฏ๐ถ๐น๐น๐ถ๐ผ๐ป data center joint venture.โค ๐๐น๐ฎ๐ฐ๐ธ๐ฅ๐ผ๐ฐ๐ธ funds will own ๐ด๐ฌ%; Meta will retain ๐ฎ๐ฌ%.โค Meta will contribute land and construction assets valued at $๐ฎ.๐ฏ ๐ฏ๐ถ๐น๐น๐ถ๐ผ๐ป.โค BlackRock will contribute approximately $๐ฐ.๐ต ๐ฏ๐ถ๐น๐น๐ถ๐ผ๐ป in cash.โค Meta will receive a one-time distribution of approximately $๐ญ ๐ฏ๐ถ๐น๐น๐ถ๐ผ๐ป.โค BlackRock will fund part of its investment through $๐ญ๐ฎ.๐ฑ ๐ฏ๐ถ๐น๐น๐ถ๐ผ๐ป in debt financing.โค El Paso campus is planned to deliver ๐ญ ๐ด๐ถ๐ด๐ฎ๐๐ฎ๐๐ of compute capacity.โค Meta will be the sole initial tenant, with capacity expected online in ๐ฎ๐ฌ๐ฎ๐ด.โค Project is expected to support over ๐ฐ,๐ฌ๐ฌ๐ฌ peak construction jobs and ๐ฏ๐ฌ๐ฌ permanent roles.๐ ๐ช๐ต๐ ๐ง๐ต๐ถ๐ ๐ ๐ฎ๐๐๐ฒ๐ฟ๐:โค Demonstrates growing use of infrastructure partnerships to finance large-scale AI expansion.โค Supports Meta's long-term AI compute needs while reducing upfront capital requirements.โค Highlights rising institutional investment in AI infrastructure and hyperscale data centers.โค Reinforces strong demand for next-generation AI computing capacity.The copyright of this article belongs to the original author/organization.
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