Related Digital secured $16 billion financing for Oracle’s Michigan data center, with closing expected this month.
Blackstone Inc. will provide roughly $2 billion equity, while Bank of America leads $14 billion debt via bond issuance.
The project, a Saline Township campus for OpenAI‑powered applications, is on schedule with first steel columns installed.
Prior Oracle data‑center deals include $38 billion in Texas/Wisconsin and $18 billion in New Mexico.