Related Digital secured $16 billion financing, combining equity from itself and Blackstone affiliates with PIMCO‑managed long‑term fixed‑rate debt.
The $16 billion will fund a >1 GW data‑center campus in Saline Township, Michigan, supporting Oracle’s AI infrastructure and OpenAI workloads.
Blackstone and PIMCO participation signals strong institutional appetite for large‑scale AI data‑center assets despite power‑grid concerns.
The project, unveiled in October, is a strategic move for Oracle to expand its global data‑center footprint and compete with hyperscalers.