TLDR
- Meta has expanded its Hyperion data center project in Louisiana from a $10B plan to a $50B+ investment.
- The facility in Richland Parish will be Meta’s largest, targeting 5 GW of computing capacity, up from the original 2 GW plan.
- Bloomberg estimates total project costs could exceed $250B when hardware is factored in.
- Meta has already signed over $1.6B in contracts with Louisiana businesses since construction began in December 2024.
- The project is expected to reach 2 GW of capacity by 2030, with no timeline set for the full 5 GW buildout.
Meta Platforms has dramatically scaled up its Hyperion data center project in Richland Parish, Louisiana, pushing the investment past $50 billion. That’s a sharp jump from the original $10 billion plan announced when Meta and Blue Owl Capital partnered on the project in October 2024.
META stock was up 0.66% at the time of writing.
The campus now targets 5 GW of computing capacity — more than double the original 2 GW goal. Meta CEO Mark Zuckerberg has described it as an AI supercluster designed to give the company “the highest compute capacity per researcher” in the industry.
Construction started in December 2024 on the 4,000-acre site in Northeast Louisiana. At peak activity, the project is expected to support 7,500 construction jobs and eventually create 1,000 permanent positions.
Meta has signed more than $1.6 billion in contracts with local Louisiana businesses since breaking ground. The company has also pledged over $1 billion in local infrastructure improvements covering roads, water, and wastewater systems.
The expansion follows Meta’s strongest stock market week since early 2024, driven by the launch of two major AI models under Meta Superintelligence Labs.
Why Louisiana?
Louisiana offered meaningful incentives to land the project. Governor Jeff Landry signed a law in late 2024 granting a 20-year sales tax exemption for eligible data centers built before 2029. Landry has defended the deal, saying it generates a net benefit for the state and local governments.
The economic impact is already showing up. Higher tax revenues tied to the project have reportedly resulted in a 400% increase in annual teacher bonus checks in Richland Parish, according to Meta.
Meta’s agreement with Entergy Louisiana is also structured to protect local ratepayers. The company says Entergy customers will save $2.65 billion in electricity costs over 20 years. Meta is covering all costs related to energy, water, and infrastructure.
Financing the Build
Meta has reportedly secured $29 billion in financing for the project, led by Pacific Investment Management alongside Blue Owl Capital. Blue Owl holds an 80% ownership stake in the campus.
Bloomberg estimates that total project costs could exceed $250 billion once computing hardware — chips and related equipment — is included. That figure puts Hyperion in a category of its own.
Meta expects Hyperion to reach 2 GW of capacity by 2030. No completion date has been set for the full 5 GW buildout.
As of July 2026, Meta operated or was developing 33 data centers globally. Hyperion alone represents a tenfold increase over many of its earlier campuses.
The Hyperion expansion is one part of a broader $600 billion commitment Meta made in November 2025 to invest in US infrastructure and jobs by 2029.
Meta’s Cheyenne, Wyoming data center remains under separate investigation after a contractor allegedly discharged contaminated wastewater at the site.
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