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Meta Nears $30 Billion Funding Deal for Louisiana Data Center Project
Meta Nears $30 Billion Funding Deal for Louisiana Data Center Project
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BTCCSquare news:
Meta Platforms is finalizing a landmark $30 billion financing package for its Hyperion data center in rural Louisiana, marking one of the largest private capital deployments in history. The social media giant will retain a 20% stake in the joint venture with Blue Owl Capital while Morgan Stanley leads the debt and equity structuring.
The facility, slated for completion by 2029, will serve as critical infrastructure for Meta's AI and metaverse ambitions. This MOVE follows the company's recent $1.5 billion data center announcement in El Paso, reflecting tech giants' escalating arms race for computing capacity to power next-generation artificial intelligence systems.
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