News Summary

• Meta and BlackRock announce a venture to finance the development and operation of a data center campus in El Paso, Texas.
• BlackRock will own an 80% interest in the venture, while Meta will retain the remaining 20% ownership.
• The transaction is expected to close in the coming days and the venture expects to begin bringing this capacity online in 2028.
• The El Paso data center represents an investment of over $10 billion from Meta — supporting more than 4,000 construction jobs at peak and 300 operational jobs once complete.