State · Business

Meta and BlackRock Form $14 Billion Venture for One-Gigawatt El Paso Data Center

Meta and BlackRock announced an 80/20 ownership venture for a 1-gigawatt El Paso campus already under construction. About $14 billion is total development cost for buildings and long-lived infrastructure, with capacity expected online in 2028.

On July 28, 2026, Meta Platforms and BlackRock announced a venture to develop and own a data center campus in El Paso, Texas. Official Meta investor materials describe 1 gigawatt of planned compute capacity, approximately $14 billion in total development costs, an 80 percent BlackRock-managed-funds / 20 percent Meta ownership split, and an expectation to begin bringing capacity online in 2028. Meta will lease the campus from the venture rather than solely owning the finished site.