BlackRock is issuing $12.3 billion in bonds through Project Sopaipilla Holdings to finance a roughly 1-gigawatt data center campus in El Paso, Texas, where Meta is set to be the anchor tenant. The deal is being underwritten by JPMorgan and Morgan Stanley, which hold 80% and 20% stakes, respectively. The report also notes that BlackRock recently completed its $40 billion acquisition of Aligned Data Centers. According to the source, the financing structure shows that large-scale AI infrastructure projects are still being funded through traditional capital markets rather than tokenized or crypto-native mechanisms. The item was cited by CryptoBriefing and carried by Techub.
BlackRock is issuing $12.3 billion in bonds through its Project Sopaipilla Holdings vehicle to fund a data center campus in El Paso, Texas, with capacity of about 1 gigawatt. Meta is set to serve as the anchor tenant at the site.
The transaction is being underwritten by JPMorgan and Morgan Stanley, which hold 80% and 20% stakes, respectively.
The report said BlackRock recently completed its $40 billion acquisition of Aligned Data Centers. It added that the latest bond sale shows large AI infrastructure projects are still leaning on traditional capital markets instead of tokenized or crypto-native funding mechanisms.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
