New Delhi, July 29 -- Meta and BlackRock have announced a venture to develop and own a data center campus in El Paso, Texas.

As per Meta, funds managed by BlackRock will hold an 80 per cent interest in the joint project, while Meta retains the remaining 20 per cent ownership. Both companies committed to funding their respective pro rata share of approximately USD 14 billion in total development costs for buildings alongside power, cooling, and connectivity infrastructure.

The El Paso data center represents an investment of over USD 10 billion from Meta, supporting more than 4,000 construction jobs at peak and 300 operational roles once complete. More than 2,300 workers are already on site. Currently under construction, the state-of-the-...