U.S. MarketsAugust 17 at 06:01 AM

Meta (META) and BlackRock's (BLK) USD 14bln Sopaipilla data centre in Texas faces potentially large losses from catastrophic events, with only a fraction of the project fully covered by insurance, creating credit risks for lenders, FT sources report

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Meta and BlackRock's $14bn Texas data center faces credit risks due to insufficient insurance coverage for catastrophes, despite $12.5bn in debt financing for the AI infrastructure project.

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