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Meta and BlackRock form an 80/20 joint venture to build a planned $14 billion AI data center in El Paso, Texas.

Meta Platforms, Inc. and BlackRock, Inc. recently announced a venture to develop and own a US$14.00 billion, 1‑gigawatt data center campus in El Paso, Texas, with funds managed by BlackRock holding an 80% stake and Meta contributing land and construction‑in‑progress assets valued at about US$2.30 billion. The structure of the deal, including BlackRock’s roughly US$4.90 billion cash contribution and use of a US$12.50 billion debt facility, highlights how large asset managers are increasingly...

Wall Street is taking center stage in financing the AI buildout. On July 28, Meta Platforms, Inc. (NASDAQ: META) and asset ‌manager BlackRock, Inc. (NYSE: BLK) announced a venture to develop and operate a one gigawatt data center campus in El Paso, Texas. The project, costing about $14 billion in development, marks the emergence of […]

Singapore’s sovereign wealth fund Temasek is engineering what the Financial Times calls an ‘Asian BlackRock’ – and the structural logic of that ambition runs directly through Bitcoin. The vehicle at the center of that push is Seviora, Temasek’s wholly-owned asset management arm, which currently oversees approximately $75Bn in assets across ...

Style Box ETF report for USMV

Ethereum ETFs pulled in 37,959 ETH, roughly $71.17 million, over the seven days ending July 28, while Bitcoin ETFs shed 3,170 BTC worth $200.23 million over the same stretch. That divergence, reported by Lookonchain using CoinGlass data, marks the third consecutive week of net ETH inflows and raises a direct ...

Bitcoin ETFs lost 3,170 BTC in a week as Ethereum funds added 37,959 ETH, extending a third straight inflow streak.

BlackRock disclosed ownership of 26.5 million HIMS shares, representing a stake of about 12%.

Meta will retain a 20% interest while BlackRock-managed funds own 80% of the planned El Paso facility.

Tech stocks were lower late Tuesday afternoon, with the State Street Technology Select Sector SPDR E

Invesco (NYSE:IVZ) reported record second-quarter net long-term inflows and higher profitability as demand for ETFs, fixed income, separately managed accounts and private-market strategies helped push assets under management to $2.5 trillion. President and CEO Andrew Schlossberg said the firm gener

(Bloomberg) -- For months, Big Tech has flooded debt markets with mega bonds that were initially snatched up by investors keen to get exposure to the artificial intelligence boom. As demand wanes and bubble concerns mount, those deals are becoming harder and costlier to get over the line. Most Read from BloombergChip Rout Deepens on Circular Funding, China Competition FearsNvidia’s $750 Billion in Deals Reignite Circular AI FearsCitadel Securities Sees Warsh Delivering Surprise Fed HikeApple Set

Investing.com -- Koch Inc. is considering a sale of Edged, the data center developer it cofounded, in a transaction that could exceed $15 billion, according to a Bloomberg report Tuesday.

Tech stocks were lower Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (X

The campus is expected to provide 1 gigawatt of computing capacity.

META is scaling AI data centers to boost model development, ad performance and engagement despite rising costs and fierce competition.

Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) and BlackRock Inc (NYSE:BLK) have formed a joint venture to develop and operate a large-scale artificial intelligence data center campus in El Paso, Texas, as Meta looks to expand the infrastructure supporting its AI ambitions. The venture...

BlackRock crammed a hedge fund strategy into a single ETF ticker, and billions poured in before anyone could answer the one question that actually matters.

The Dow Jones Industrial Average and S&P 500 were up in late-morning trading Tuesday, while the Nasd

Meta Platforms (META) and asset manager BlackRock (BLK) have teamed up to develop a data center camp

AMG, BEN and KKR stand out ahead of their quarterly earnings release with positive Earnings ESP, favorable market trends and expectations for solid profit growth.

TROW is set to report Q2 results as rising AUM, advisory fees and net inflows support expectations despite ongoing expense pressures.

BlackRock-managed funds will own 80% of the project, while Meta takes the entire campus under lease agreements and secures dedicated power for its AI expansion.

BlackRock-sponsored Sopaipilla Investor LLC on July 27 placed $12.547 billion of 7.534% amortizing notes due Nov. 30, 2048 at T+287.5, in line with early whispers for the deal, which went out to investors last week. Proceeds back a massive 960-megawatt data center campus in El Paso, Texas (under an 80:20 joint venture with a Meta Platforms affiliate). That pricing level — which didn’t budge from initial whispers last week in the T+287.5 area — reflected concessions to investors to clear that amo

BlackRock-managed funds will own 80% of the venture, with Meta retaining 20% and leasing back the entire campus

Meta Platforms (NASDAQ:META) and BlackRock (NYSE:BLK) have agreed to form a joint venture to develop and own a major data centre campus in El Paso, Texas, in a project with an estimated total development cost of approximately $14 billion. The agreement brings together Meta’s expanding artificial intelligence infrastructure plans with BlackRock’s infrastructure investment capabilities.

BlackRock contributes $4.9 billion in cash against Meta's $2.3 billion of land and construction

Meta will report its Q2 earnings after the bell on Wednesday.

In crypto news today (July 28), Bitcoin has dropped nearly -3% overnight, losing $65,000 and looking likely to retest $60,000 ahead of today’s FOMC meeting. Liquidations have picked up as a result, with over $600M in positions blown up since yesterday, and unsurprisingly, more than $530M of that figure has ...

BlackRock stock has delivered a strong 54.0% return over the past three years. However, the latest valuation checks show a more balanced picture, with the intrinsic value estimate from the Excess Returns model suggesting the share price is close to fair value, while traditional earnings multiples lean to the expensive side. Over the last three years, BlackRock has returned 54.0%, which puts recent share price moves in the context of a solid multi year gain already in the bank. Expectations...