Social media firm Meta is set to sell some of its in-development data center portfolio.

“At the beginning of June 2025, we approved a plan to dispose of certain data center assets and reclassified $2.04 billion of these assets as held-for-sale,” the company said in the SEC filings for its latest quarterly earnings.

“These assets mostly consisted of construction in progress and land, which are reported at the lower of their carrying amounts or fair values less costs to sell.”

Meta said these assets are expected to be disposed of within the next 12 months through a contribution to a third party for the purpose of co-developing data centers.

Details on which data centers the company might sell – as well as potential buyers – haven’t been shared. The fact that the sites are under construction suggests the company will likely lease them back once sold.

As of June 30, 2025, Meta’s total held-for-sale assets were valued at $3.26bn.

Meta has around 30 data center campuses in operation or development globally. The majority of its footprint is within the US. It is also a major leaser of facilities. Meta paused development of around a dozen data centers in late 2022 as part of a "rescoping" of its designs to better cater for GPUs and liquid cooling. It has since resumed its build-out with the updated design.

In July, Zuckerberg revealed that the company planned to spend "hundreds of billions of dollars" on data centers for its AI efforts, and set up a new 'superintelligence' unit.

"We're actually building several multi-gigawatt clusters. We're calling the first one Prometheus, and it's coming online in 2026," Zuckerberg said at the time. "We're also building Hyperion, which will be able to scale up to 5GW over several years. We're building multiple more titan clusters as well. Just one of these covers a significant part of the footprint of Manhattan."

In June, Bloomberg reported that the company is in discussions with the likes of Apollo Global Management, KKR, Brookfield, Carlyle, and Pimco over a $29bn deal to fund data center development.

In its earnings call this week, the company's CFO Susan Li said Meta expects to finance a large share of its build-out itself, but is also “exploring ways to work with financial partners to co-develop data centers.”

Meta is building out at such a pace that the company is placing IT hardware in large temporary tents in some locations.