BlackRock Takes Majority Stake in Meta’s El Paso AI Campus

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Meta and BlackRock have formed a venture that will own the gigawatt-scale data center campus Meta is building in El Paso, Texas, with funds managed by BlackRock taking an 80% interest and Meta keeping the remaining 20%. The two companies announced the deal on July 28, 2026 and expect it to close within days. The structure moves the buildings and the long-lived power, cooling and connectivity infrastructure of a 1 gigawatt campus into a jointly owned vehicle, leaving Meta as tenant and operator…