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Jul 8 at 02:35 PM
๐ข ๐๐๐๐ ๐๐: $Meta Platforms(META.US) Meta to Invest Over CAD $13 Billion in First Canadian AI Data Center
๐ ๐๐๐ฒ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:โค ๐๐๐ญ๐ will build its first ๐๐๐ง๐๐๐ข๐๐ง data center in Sturgeon County, Alberta.โค Project represents an investment of ๐จ๐ฏ๐๐ซ ๐๐๐ $๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง (about ๐๐๐ $๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง).โค The ๐-๐ ๐ข๐ ๐๐ฐ๐๐ญ๐ญ facility will support Meta's growing ๐๐ ๐ฐ๐จ๐ซ๐ค๐ฅ๐จ๐๐๐ฌ.โค Construction is expected to create ๐๐ฉ๐ฉ๐ซ๐จ๐ฑ. ๐,๐๐๐ jobs, with ๐จ๐ฏ๐๐ซ ๐๐๐ permanent positions.โค Meta will invest around ๐๐๐ $๐๐ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง in local roads and water infrastructure.โค The company will fully fund new ๐ฉ๐จ๐ฐ๐๐ซ ๐ ๐๐ง๐๐ซ๐๐ญ๐ข๐จ๐ง and grid infrastructure for the project.โค Electricity consumption will be matched with ๐๐๐% ๐๐ฅ๐๐๐ง and ๐ซ๐๐ง๐๐ฐ๐๐๐ฅ๐ ๐๐ง๐๐ซ๐ ๐ฒ.โค The facility will use a ๐๐ฅ๐จ๐ฌ๐๐-๐ฅ๐จ๐จ๐ฉ, ๐ฅ๐ข๐ช๐ฎ๐ข๐-๐๐จ๐จ๐ฅ๐๐ system with no operational cooling water use.๐ ๐๐ก๐ฒ ๐๐ญ ๐๐๐ญ๐ญ๐๐ซ๐ฌ:โค Expands Meta's ๐๐ ๐ข๐ง๐๐ซ๐๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ฎ๐ซ๐ to meet rising compute demand.โค Marks Meta's first major ๐๐๐ญ๐ ๐๐๐ง๐ญ๐๐ซ investment in Canada.โค Adds long-term economic activity and strengthens Alberta's ๐๐ and digital infrastructure ecosystem.
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