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AI & Enterprise

Meta, BlackRock to set up 14 billion dollar AI data centre joint venture, targets 2028 start

Meta will form a joint venture with U.S. asset manager BlackRock to jointly develop and own a large AI data centre campus being built in El Paso, Texas. The partners plan to finalise the deal within days. The venture will share a total development cost of $14 billion, with BlackRock holding 80 percent and Meta 20 percent. Meta will lease the entire facility long term and operate it.

Crypto

Galaxy Digital, Mara secure Texas sites to expand AI infrastructure

Galaxy Digital and Mara Holdings have each secured new sites in Texas as they move to expand infrastructure for artificial intelligence, high-performance computing and bitcoin mining. Galaxy Digital said it bought a 500-acre site in McGregor to build its second AI and HPC data center campus in the state, starting at 74 megawatts and expanding in phases. Mara said it signed a deal to acquire a 1,200-acre, power-connected site in Matagorda County with access to up to 2 gigawatts.