Meta Commits $1B Investment to New AI-Optimized Data Center Campus in Wisconsin

Meta Platforms Inc. (NASDAQ:META) is one of the best QQQ stocks to buy according to Wall Street analysts. On November 12, Meta announced that it selected Minneapolis-based Mortenson as the general contractor for its new data center campus in Beaver Dam, Wisconsin. The project represents a $1 billion investment from Meta. This state-of-the-art facility will span 700,000 square feet and is designed to be optimized for the company’s growing AI workloads.

The Beaver Dam campus will be Meta’s 30th data center worldwide and its 26th in the US, with an expected completion and operational start date in 2027. The construction of the Beaver Dam campus is expected to create over 1,000 skilled construction jobs at its peak. Once operational, the facility will support ~100 permanent operational jobs.

This buildout arrives at a time when data center construction is outpacing most other nonresidential building sectors nationwide. Meta has committed ~$200 million to underwrite energy infrastructure investments, which will cover costs associated with building the campus, including network upgrades, transmission lines, and utility substations.

Meta Platforms Inc. (NASDAQ:META) develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality & mixed reality headsets, augmented reality, and wearables worldwide.

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Disclosure: None. This article is originally published at Insider Monkey.