BlackRock, Inc. (NYSE:BLK) is expanding into a $14B El Paso data-center campus with a ~$4.9B cash buy for ~80% and heavy debt financing while posting record Q2 inflows and margins, dominating July 30 U.S. spot Bitcoin ETF flows, even as it trims Ganfeng Lithium H‑shares to 6.75%.
Previous Week Recap
- BlackRock, Inc. Invested Cash Stake: BlackRock (BLK) invested about $4.9B cash for an ~80% stake in a $14B El Paso data-center campus targeting 1GW compute, due 2028; financing includes roughly $12.5B debt.
- BlackRock, Inc. Q2 Record Inflows: BlackRock (BLK) posted fiscal Q2 with record net inflows and rising margins; firm cited multi‑business growth and improved profitability in its quarterly report.
- BlackRock, Inc. IBIT Bitcoin Inflows: On July 30, 2026, BlackRock’s IBIT saw $183.4M net inflows, about 80% of the $233.1M total U.S. spot Bitcoin ETF inflows that day.
- BlackRock, Inc. Ganfeng Lithium Stake Cut: BlackRock (BLK) cut its stake in Ganfeng Lithium H‑shares to 6.75% as of July 27, down from 8.16%, per an HKEX filing.
This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.