Meta convinces Blue Owl to cut $30B check for its Hyperion AI super cluster
Facebook parent Meta has secured financing from private equity firm Blue Owl Capital for its massive 2.2-gigawatt Hyperion datacenter project located in Richland Parish, Louisiana. According to a Bloomberg report citing sources familiar with the deal, Meta finalized the agreement on Thursday for approximately $27 billion in debt and $1.5 billion in equity financing.
The deal, reportedly brokered by Morgan Stanley, will allow Meta to retain a 20 percent stake in the colossal datacenter project. Notably, the financing has been structured to keep the debt off Meta’s balance sheets. Bloomberg reports that the debt will be carried by Blue Owl Capital, set to mature in 2049, and is fully amortizing.
Meta will take responsibility for building, operating, and eventually leasing the facility once it becomes operational in 2029.
### About the Hyperion Datacenter Project
First announced in late December, the Hyperion datacenter campus spans four million square feet and was initially projected to cost around $10 billion. However, this figure likely did not include essential IT hardware such as servers and networking equipment.
Since the initial announcement, CEO Mark Zuckerberg’s ambitions for the project have grown substantially. The site is now expected to exceed five gigawatts of total compute capacity, making it one of the largest single datacenter developments emerging from the ongoing AI boom.
Achieving this scale will require significant expansion of the power infrastructure. In December, Meta disclosed plans to commission a new natural gas generator plant, which will be constructed by local utility operator Entergy. The initial build-out will include three combined cycle combustion turbine generators with a total generating capacity of over 2.2 gigawatts.
### Meta’s Expanding Datacenter Footprint
The Hyperion project is one of several major datacenter developments Meta currently has underway. Just this week, Meta announced a new datacenter complex in El Paso, Texas, which is expected to scale up to one gigawatt of compute capacity.
Additionally, the Instagram parent company is developing another gigawatt-scale datacenter in Ohio, named Prometheus, which is slated to become operational next year.
### Industry Context
Meta’s ambitious hyper-scale projects are part of a broader trend in the tech industry, as hyperscalers race to meet increasing demands for AI compute power. Alongside Meta’s efforts, other companies are pursuing significant investments in energy infrastructure and datacenter capacity to power the next generation of AI workloads.
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El Reg reached out to Meta and Blue Owl Capital for comment but had not received a response at the time of publication.
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https://www.theregister.com/2025/10/17/meta_blue_owl_hyperion/
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