April 24 (Reuters) – Data center developer Related Digital said on Friday it has secured financing for a $16 billion data center campus it is building in Michigan for Oracle. The financing includes equity from Related Digital and funds affiliated with Blackstone, and fixed-rate, long term debt financing anchored by PIMCO-managed funds and accounts, the […]
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Related Digital secures financing for $16 billion Oracle data center in Michigan
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April 24 (Reuters) – Data center developer Related Digital said on Friday it has secured financing for a $16 billion data center campus it is building in Michigan for Oracle.
The financing includes equity from Related Digital and funds affiliated with Blackstone, and fixed-rate, long term debt financing anchored by PIMCO-managed funds and accounts, the company said.
OpenAI, Oracle and Related Digital in October announced the project of a more than 1 gigawatt data center in Saline Township, Michigan, as part of their push to expand U.S. AI infrastructure capacity.
(Reporting by Fabiola Arámburo in Mexico City; Editing by Chris Reese)