Pranav Hotkar
El Paso, Texas, United States - May 4, 2026 - Meta Platforms is working with Morgan Stanley and JPMorgan Chase to arrange financing for a large-scale data center campus in El Paso, Texas, underscoring the rising capital demands of AI-driven digital infrastructure.
The proposed financing package is expected to total approximately USD 13 billion and will support the development of a hyperscale facility designed to handle high-density artificial intelligence and cloud computing workloads. The campus is anticipated to reach around 1 gigawatt (GW) in capacity once fully built, placing it among the largest data center developments currently in planning globally.
According to reports, the financing structure is likely to be predominantly debt-based, reflecting a broader shift in how hyperscale data center projects are funded. Rather than relying solely on corporate balance sheets, technology companies are increasingly turning to structured financing models that resemble large-scale infrastructure investments.
The El Paso project is expected to be developed in phases, with construction and capacity ramp-up aligned to long-term demand for AI compute. While specific timelines have not been formally disclosed, the campus is projected to become operational toward the latter part of the decade.
The move highlights Meta’s continued expansion of its global data center footprint as it scales infrastructure to support generative AI, machine learning, and data-intensive applications. These workloads require significantly higher power density and reliability compared to traditional cloud environments, driving both the size and cost of new facilities.
Financial institutions such as Morgan Stanley and JPMorgan are playing an increasingly central role in enabling such developments, structuring large capital stacks that combine debt and equity to support multi-billion-dollar infrastructure projects. The involvement of major banks also signals growing investor confidence in data centers as a long-term asset class tied to digital and AI growth.
The El Paso location is considered strategically important due to its access to land, energy infrastructure, and connectivity, making it suitable for large-scale deployments. As hyperscale operators continue to seek regions that can support gigawatt-level campuses, secondary markets like El Paso are gaining traction.
This financing effort follows a broader trend of escalating investment in AI infrastructure, where single-site data center projects are reaching unprecedented scales. Industry observers note that the convergence of energy and compute is reshaping how such developments are planned, funded, and executed.
If completed as expected, the El Paso campus would further solidify Meta’s position in the hyperscale data center market while illustrating how AI demand is transforming both the physical and financial architecture of digital infrastructure.
