Meta Begins Construction of First Data Center in Canada
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 hours ago
0mins
Source: seekingalpha
- Massive Investment: Meta's construction of a 1-gigawatt data center in Sturgeon County, Alberta, involves an investment exceeding CAD $13 billion, expected to create around 3,000 construction jobs and over 300 operational positions, significantly boosting the local economy.
- Infrastructure Optimization: The facility will be specifically optimized for AI workloads and will become Meta's 33rd data center globally, indicating the company's strategic focus on expanding its infrastructure to support artificial intelligence services.
- Renewable Energy Commitment: Meta has pledged that the facility's electricity consumption will be matched with 100% renewable energy, and it will collaborate with Alberta's electricity system operator to develop new generation capacity, showcasing its commitment to sustainability.
- Water Resource Management Innovation: The data center will utilize a water-efficient closed-loop liquid cooling system with dry cooling technology to minimize water consumption, reflecting Meta's responsibility towards environmental protection and technological innovation.
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Analyst Views on META
Wall Street analysts forecast META stock price to rise
44 Analyst Rating
37 Buy
6 Hold
1 Sell
Strong Buy
Current: 600.290
Low
655.15
Averages
824.71
High
1117
Current: 600.290
Low
655.15
Averages
824.71
High
1117
About META
Meta Platforms, Inc. is building human connections, powered by artificial intelligence and immersive technologies. The Company's products enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality (VR) and mixed reality (MR) headsets, augmented reality (AR), and wearables. It also helps people discover and learn about what is going on in the world around them, enabling people to share their experiences, ideas, photos, videos, and other content with audiences ranging from their closest family members and friends to the public at large. The Company's segments include Family of Apps (FoA) and Reality Labs (RL). FoA segment includes Facebook, Instagram, Messenger, WhatsApp and Threads. RL segment includes its virtual, augmented, and mixed reality related consumer hardware, software and content. Its product offerings in VR include its Meta Quest devices, as well as software and content available through the Meta Horizon Store.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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