BlackRock raises $12 billion for Meta-backed data center, targeting AI growth

BlackRock announced a $12 billion debt offering on July 21, 2026. The capital will finance a new data center project in El Paso, Texas.

BlackRock holds an 80% stake in the joint venture project. Meta Platforms owns the remaining 20% as a minority partner.

The investment addresses growing demand for AI and digital technologies. This move underscores BlackRock's strategic focus on digital infrastructure.