BlackRock is raising $12bn to build Meta a data centre it will own, lend to, and rent out
THE SO WHAT
A $12B El Paso data center that BlackRock will own, finance, and lease back to Meta is the template for AI-era infra: hyperscalers offload capex while asset managers get long-duration, compute-backed yield. If you’re planning large-scale AI workloads, expect more creative lease-and-finance structures — and start mapping where you want to sit in that stack.
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