BlackRock: Meta will provide management services and become the first exclusive user of the El Paso campus. Meta will contribute $2.3 billion in assets; BlackRock will contribute $4.9 billion in cash at the end of the deal. The deal is expected to be completed within the next few days; related production capacity is expected to go online in 2028. Meta will receive a one-time allocation of around $1 billion.

BlackRock: Meta will provide management services and become the first exclusive user of the El Paso campus. Meta will contribute $2.3 billion in assets; BlackRock will contribute $4.9 billion in cash at the end of the deal. The deal is expected to be completed within the next few days; related production capacity is expected to go online in 2028. Meta will receive a one-time allocation of around $1 billion.