Meta is pursuing an innovative financing strategy for its massive data center campus, dubbed Project Walleye, seeking $3 billion through a novel arrangement where lenders would finance both construction and power infrastructure simultaneously. This represents a significant departure from traditional data center funding models, which typically separate construction financing from operational energy costs. The dual-financing approach addresses a critical challenge facing hyperscalers: the astronomical upfront capital requirements needed to build AI-capable facilities while simultaneously securing long-term power agreements. By bundling these traditionally siloed funding streams, Meta is attempting to reduce financing complexity and unlock capital that might otherwise remain unavailable.