Related Digital and Blackstone secure $16 billion for Oracle's Michigan AI data center
Related Digital and Blackstone have secured $16 billion to build a massive AI data center campus in Saline Township, Michigan, for Oracle and OpenAI. The financing includes a $14 billion bond sale, of which PIMCO anchored approximately $10 billion. The 1-gigawatt campus will support Oracle's cloud infrastructure and OpenAI's AI workloads. This deal underscores the escalating demand for data center capacity driven by AI development, with major financial institutions like PIMCO backing large-scale infrastructure projects. The project is one of the largest private data center investments in the US, highlighting Michigan's emergence as a hub for AI infrastructure.
Key facts
- Related Digital and Blackstone secured $16 billion for the project.
- PIMCO anchored about $10 billion of a $14 billion bond sale.
- The campus will be built in Saline Township, Michigan.
- The facility will have a capacity of 1 gigawatt.
- The data center is built for Oracle and OpenAI.
- The bond sale was part of the $16 billion financing package.
- The project is one of the largest private data center investments in the US.
- The deal reflects growing demand for AI infrastructure.
Entities
Institutions
- Related Digital
- Blackstone
- PIMCO
- Oracle
- OpenAI
Locations
- Saline Township
- Michigan
- United States
Sources
- Quartz —