BlackRock (BLK) Agrees to Invest in an AI Data Center Campus With Meta in El Paso

BlackRock said it has tied up a major investment plan linked to AI data center infrastructure in partnership with Meta, according to a report published by Yahoo Finance on Aug. 10, 2026. The proposal is described as a large, AI-focused data center campus in El Paso, with both companies participating through a mix of joint investment and shared ownership of the new facilities.

The reported scale of the arrangement is about $14 billion. The Yahoo Finance article frames the partnership as an infrastructure build-out intended to support Meta’s expanding AI workload, with BlackRock acting as a major capital partner rather than as an operating data-center operator.

The structure, as described in the report, centers on shared ownership of the assets and a significant joint investment commitment from BlackRock and Meta. Shared ownership typically means each party holds an economic interest in the facilities, rather than one side buying the project outright or funding it without ongoing participation.

BlackRock, whose shares trade on the New York Stock Exchange under the ticker BLK, has increasingly emphasized partnerships and longer-duration infrastructure themes as part of its broader investment platform. While the report focuses on the AI data center campus, the broader implication is that the firm is continuing to deploy balance-sheet resources and investor capital into large-scale physical infrastructure tied to technology demand.

Meta has been investing heavily in data centers and power capacity to support AI and machine-learning systems, and a new campus in a specific U.S. location reflects the practical constraints of building compute at scale, including land, utilities, and construction timelines. The report’s El Paso reference suggests a siting decision designed to match those build requirements rather than a general statement about AI expansion.

As of publication, the report does not provide further operational specifics in the information available here, including the exact ownership percentages, the timeline for construction milestones, expected capacity in megawatts, or the financing mechanics beyond the headline investment figure. It also does not spell out whether either party plans to consolidate results in financial statements or how revenue and operating costs would be allocated between partners.

BlackRock did not disclose additional deal terms in the material available for this story, beyond what the Yahoo Finance report characterizes as joint investment and shared ownership tied to an AI data center campus. That leaves key questions open for investors and industry observers, particularly around whether the commitment is fully committed capital or subject to construction, permitting, or demand-based conditions.