Meta, Blue Owl Confirm JV for Hyperion Data Center

Meta Platforms confirmed it entered a joint venture with funds managed by Blue Owl Capital to develop and own the Hyperion data center campus.

• Meta to provide construction management and property management services for the project
• NOTE: Meta, Blue Owl Seal $30 Billion Private Capital Deal for AI
• Funds managed by Blue Owl Capital will own an 80% interest, while Meta will retain the remaining 20% ownership
• Parties have committed to fund their respective pro rata share of the approximately $27 billion in total development costs for the buildings and long-lived power, cooling, and connectivity infrastructure at the campus
• Meta ...