
The acquisition enables Meta to accelerate its gigawatt‑scale compute ambitions, positioning the company as a serious contender in the hyperscale cloud market and diversifying its revenue beyond social media.
Meta’s recent purchase of an additional 1,400 acres adjacent to its Hyperion campus underscores the company’s aggressive push into high‑density compute infrastructure. The Louisiana site, originally slated for a 2‑gigawatt, four‑million‑square‑foot complex on 2,250 acres, now has enough land to potentially double its footprint. By securing contiguous property, Meta can streamline power delivery, cooling networks, and future expansion without the logistical hurdles of fragmented parcels. The move also reflects the broader industry trend of building megawatt‑scale data centers to meet exploding AI workloads. The financing structure behind Hyperion reveals how tech firms are leveraging capital markets to fund massive compute projects. A $27 billion joint venture with Blue Owl Capital, announced last year, provides the bulk of the capital needed for construction and equipment. Coupled with the newly formed Meta Compute unit, which aims to deliver tens of gigawatts of AI‑focused processing this decade, the acquisition signals a shift from traditional social‑media revenue to a cloud‑compute business model. Recent multi‑billion contracts with Google, CoreWeave, Nebius, and prospective talks with Oracle further diversify Meta’s revenue streams. From a market perspective, Hyperion’s expansion could reshape the competitive landscape for cloud providers. The sheer scale—potentially reaching 5 GW—places Meta alongside the world’s largest hyperscale operators, challenging incumbents such as Amazon, Microsoft, and Alphabet. However, the project also raises questions about energy consumption and sustainability, prompting scrutiny of the data center’s power mix and carbon‑offset strategies. Regionally, the development promises significant job creation and tax revenue for Richland Parish, while positioning Louisiana as a strategic hub for next‑generation compute.
Next to the existing 2, 250‑acre site · February 09 2026 · Sebastian Moss
Meta has acquired additional land as part of its plans to build a 2 GW data‑center campus in Louisiana.
The company announced plans to build a four‑million‑sq‑ft (372,000 sqm) facility known as Hyperion in Richland Parish in late 2024, set on 2,250 acres. At the end of 2025, in a deal first reported by Forbes, Meta quietly purchased an additional 1,400 acres of adjacent land.
![The Hyperion data center compared to Manhattan]
Acquired from local landowner George B. Franklin & Sons, early site preparation appears to already be underway on Meta’s new land.
More than 3,700 construction workers have been working on the original 2,250 acres, which was initially set to cost $10 billion. Last October, Meta formed a $27 billion joint venture with Blue Owl Capital to fund the project, suggesting that its ambitions for the site have grown.
CEO Mark Zuckerberg also said last year that Hyperion “could scale up to 5 GW over several years.”
Hyperion was initially set to span nine buildings, with each coming online in phases through 2030, totalling 2 GW. Whether that timeline has changed is not clear.
This January, the company set up Meta Compute to focus on building tens of gigawatts of compute this decade, “and hundreds of gigawatts or more over time,” Zuckerberg said.
Alongside its own gigawatt data‑center construction projects, Meta reportedly signed a $10 bn+ cloud deal with Google in August, followed by a $14.2 bn CoreWeave deal last September, a $3 bn Nebius contract in November, and is in talks with Oracle for a $20 bn contract.
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