Meta and BlackRock to build 1GW El Paso data center for ~$14 billion
kimmonismus · x · 2026-10-13
Per the attached image, Meta and BlackRock announced a joint 1GW data center in El Paso, Texas, costing $14B: BlackRock-managed funds take an 80% stake partly financed by $12.5B of debt; Meta contributes land and construction-in-progress worth $2.3B while BlackRock adds $4.9B cash. The author frames this as Meta building GW-scale capacity to serve both consumers (Muse) and frontier-class models (the rumored 'Watermelon'), which he expects soon.
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