Meta Secures a 35-Year Exemption from Sales Tax for Constructing an $800M Data Center in Indiana


Meta has agreed with Indiana on its latest data center project: a sprawling 700,000-square-foot, $800-million facility to be constructed in Jefferson, located about 825 miles from the state’s capital. This collaboration was revealed by Meta and Indiana Governor Eric J. Holcomb on January 25.

Stay in the know on crypto by frequently visiting Crypto News Today

This new facility is designed to cater to Meta’s worldwide data requirements, including support for its artificial intelligence (AI) operations.

Construction is set to begin in January, with a target completion date of 2026. It is expected to employ up to 1,250 people during “peak construction” and, according to a press release from Governor Holcomb’s office, will then support “100 high-wage jobs.”

“Once operational, the Jeffersonville Data Center will be supported by 100% renewable energy through our investments in new renewable energy projects and like our other data centers, will achieve LEED Gold certification.”

CryptoCaster Quick Check:

The expansion comes at an ideal time for the social media platform. Meta recently returned to the trillion-dollar club, making its first appearance since 2021.


Indiana is also pitching in. According to Governor Holcomb’s press release, Meta will receive a data center sales tax exemption for the first 35 years of campus operation, with the option to extend exemptions until 2074:

“For each additional $800 million of eligible investment made at the site within that time period, the company will be eligible for tax exemptions for an additional 5-year period, up to a total term of 50 years.”

The company’s stock has seen renewed vigor thanks to its efforts in the field of generative artificial intelligence. According to Cointelegraph, as business grows, Meta plans to increase its total GPU count to 350,000 H100s; in comparison, rival AI firm OpenAI trained ChatGPT with only about 10,000 GPUs.CRYPTOCASTER® - DECENTRALIZED FREEDOM!

We hope you appreciated this article. Before you move on, I was hoping you would consider taking the step of supporting CryptoCaster’s journalism. 

From  Elon Musk, Larry Fink(BlackRock) to Jamie Dimon(JP Morgan Chase) a number of billionaire owners have a powerful hold on so much of the hidden agendas’ which eludes the public concerning the paradigm shift juxtaposed by cryptocurrency and web3 emerging technologies. CryptoCaster is different. We have no billionaire owner or shareholders to consider. Our journalistic efforts are produced to serve the public interest in crypto development and institutional disruptions – not profit motives.

And we avoid the trap that befalls much U.S. and global media – the tendency, born of a desire to please all sides, to engage in false equivalence in the name of neutrality and retail consumer protection. While fairness and transparency dictates everything we do, we know there is a right and a wrong position in the fight against fiat global banking interest and monetary reconstruction precipitated by the emerging crypto ecology.

When we report on issues like the FTX, Binance and Ripple crisis, we’re not afraid to name who or what is uncovered. And as a crypto sentinel, we’re able to provide a fresh, outsider perspective on the global monetary disruption – one so often missing from the insular American and European media bubble. 

Around the world, readers can access the CryptoCaster’s paywall-free journalism because of our unique reader-supported model. That’s because of people like you. Our readers keep us independent, beholden to no outside influence and accessible to everyone – whether they can afford to pay for news and information, or not.

We thankyou for the on-going support our readers have bestowed monetarily. If you have not considered supporting CryptoCaster, if you can, please consider supporting us just once from $1 or more of Bitcoin (satoshi) or Eth, and better yet, support us every month with a little more. Scroll further down this page to obtain CryptoCaster’s wallet addresses.

Thank you.

Kristin Steinbeck
Editor, CryptoCaster

Please Read Essential Disclaimer Information Here.
© 2024 Crypto Caster provides information. does not provide investment advice. Do your research before taking a market position on the purchase of cryptocurrency and other asset classes. Past performance of any asset is not indicative of future results. All rights reserved.

Contribute to CryptoCaster℠ Via Metamask or favorite wallet. Send Coin/Token to Addresses Provided Below.
Thank you!
BTC – bc1qgdnd752esyl4jv6nhz3ypuzwa6wav9wuzaeg9g
ETH – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
MATIC – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
LITECOIN – ltc1qxsgp5fykl0007hnwgl93zr9vngwd2jxwlddvqt


You may also like