Money
Meta-Backed Data Center Seeks $3 Billion for Innovative Financing Model
The proposed 'Project Walleye' aims to secure $3 billion in funding, with lenders set to finance both construction and power supply, marking a significant shift in data center financing.
Editorial Staff
1 min read
Meta is pursuing a $3 billion funding initiative for its data center campus, known as 'Project Walleye'. This project introduces a novel financing structure.
Lenders involved in this initiative will be the first to provide capital for both the construction of the facility and its power requirements, a departure from traditional financing models.
This approach may influence future data center projects, potentially reshaping how infrastructure investments are structured and funded.