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Meta Just Cut A Deal For Enough AI Power To Light Up 1.2 Million Homes

Published Jun 19, 2026
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Summary:
  • Meta contracted for about 1.6 gigawatts of computing power from data-center firm Crusoe.
  • The power is split across two sites, one in Childress, Texas and one in Warrenton, Missouri.
  • It adds to Meta's pledge to spend $600 billion on US building over three years.

Meta already plans to spend $600 billion building across the US over the next three years.

It still needs even more, so it just locked up enough power to run a small city. And it is renting that extra power from another firm entirely.

The Deal

Meta signed deals to buy computing power from Crusoe, a data-center firm. The power sits at two sites, one in Childress, Texas and one in Warrenton, Missouri.

Together they add up to about 1.6 gigawatts, which is a lot. That number is hard to picture on its own.

So here is a simple frame for it. One gigawatt can power roughly 750,000 homes, so Meta just grabbed more than a million homes' worth of power.

All of that power is meant to feed its hungry AI systems. The price tag and the timing are still unclear, and neither company would comment.

We break down where the AI money is actually flowing every morning in Market Briefs - plus a free investing masterclass when you join.

Why Meta Is Reaching Outside

Meta is building plenty of its own data centers. But even that is not enough to keep up.

Demand for AI power is running ahead of what anyone can build right now. Google, Microsoft, and Amazon are all chasing the same thing, so supply is tight.

The race is not just about chips anymore. It is also about finding the power to run them, which is why investors now eye nuclear energy stocks.

A data center is really just a giant building packed with computers. Those computers run hot and pull huge amounts of electricity around the clock.

Why The Spending Matters

Meta's $600 billion pledge covers new plants, offices, and jobs across the US over the next three years. This fresh Crusoe deal sits right on top of that.

Crusoe has been signing up buyers fast. It now has close to 5 gigawatts under contract, and Meta is a big reason why.

Meta is also one of the biggest tech stocks around. So how much it spends helps set the tone for the whole sector.

Spending this heavy can boost growth, but it can also squeeze profits. Investors will want to see real payoff from all these chips and watts.

What To Watch

Watch how much Meta pays and when the power turns on. Both answers will show how far it is willing to go to stay ahead in AI.

Power has quietly become the hard part of the AI race. Whoever locks up the most of it can grow the fastest.

Meta's boss has bet big on AI agents, the software meant to act on its own without much help. That long-term bet is exactly what all this new power is for.

For now, the firm spending $600 billion of its own still needs to rent the rest.

Want to follow the AI build-out without the jargon? Join the Market Briefs daily newsletter and get a 45-minute investing course as a bonus.

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