Meta Sells Data Centers, Reveals Prometheus Supercluster

Meta Platforms is seeking external partners to help fund its rapidly expanding AI infrastructure, announcing the reclassification of $2.04 billion in data center assets as 'held-for-sale' with plans to transfer these assets to a third party within a year. This marks a shift from Meta's traditional self-funding approach and reflects industry trends, as peers like Alphabet and Microsoft also pursue external financing for AI and cloud infrastructure. CFO Susan Li emphasized that Meta will still fund most capital expenses internally while exploring co-development models with financial partners for added flexibility. CEO Mark Zuckerberg revealed that Meta's first AI data center supercluster, Prometheus, is expected to be operational by 2026. Meta reported strong quarterly financials, with revenue up 22% and net income rising 36% year-over-year, supporting its aggressive infrastructure expansion. The company is preparing for even larger capital expenditures in coming years to maintain its competitive position in AI.