Meta and BlackRock are building a data center campus together.

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The campus will be located in El Paso, Texas and is already under construction. It will have “1 gigawatt of compute capacity” and “will play an essential role in bringing Meta’s AI technologies to life.” BlackRock will own an 80 percent interest, while Meta will own a 20 percent interest. The data center is expected to come online in 2028. [Link: Meta Announces New Strategic Venture With BlackRock to Develop Data Center in El Paso | https://about.fb.com/news/2026/07/meta-announces-new-venture-with-blackrock-to-develop-data-center-in-el-paso/ | Meta Newsroom]