{"id":17,"date":"2026-04-25T14:15:36","date_gmt":"2026-04-25T14:15:36","guid":{"rendered":"http:\/\/aitrendstoday.online\/?p=17"},"modified":"2026-04-25T14:15:36","modified_gmt":"2026-04-25T14:15:36","slug":"related-digital-obtains-funding-for-a-16-billion-oracle-data-center-located-in-michigan","status":"publish","type":"post","link":"https:\/\/temobile.cv\/?p=17","title":{"rendered":"Related Digital obtains funding for a $16 billion Oracle data center located in Michigan."},"content":{"rendered":"\n

Data center developer Related Digital said on Friday it \u200bhas secured financing for a $16 billion data \u200ccenter campus it is building in Michigan for Oracle<\/p>\n\n\n\n

The financing includes equity from Related Digital and funds affiliated \u200bwith Blackstone, as well as fixed-rate, long-term \u200bdebt financing anchored by PIMCO-managed funds and \u2060accounts, the company said.<\/p>\n\n\n\n

PIMCO bought about $10 billion of \u200bthe bonds that priced Friday, while other investors \u200bbought the remainder of the debt, Bloomberg News reported, citing people familiar. PIMCO declined to comment to Reuters.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

OpenAI, Oracle \u200band Related Digital in October announced the project \u200bof more than 1 gigawatt data center in Saline Township, Michigan, \u200cas \u2060part of their push to expand U.S. AI infrastructure capacity. Construction started in February.<\/p>\n\n\n\n

Big Tech companies have been pouring billions into building AI infrastructure. \u200bAlphabet, Amazon \u200band Meta \u2060will collectively invest about $650 billion to scale up AI-related infrastructure this year, according \u200bto Bridgewater Associates.<\/p>\n\n\n\n

Bank of America which \u200bwas \u2060structuring agent and financial advisor in the deal, sold $14 billion of bonds, while Blackstone’s equity contribution was \u2060at \u200baround $2 billion, Bloomberg News said.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Data center developer Related Digital said on Friday it \u200bhas secured financing for a $16 billion … Related Digital obtains funding for a $16 billion Oracle data center located in Michigan.<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":18,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-17","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-ai-news"],"_links":{"self":[{"href":"https:\/\/temobile.cv\/index.php?rest_route=\/wp\/v2\/posts\/17","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/temobile.cv\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/temobile.cv\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/temobile.cv\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/temobile.cv\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17"}],"version-history":[{"count":0,"href":"https:\/\/temobile.cv\/index.php?rest_route=\/wp\/v2\/posts\/17\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/temobile.cv\/index.php?rest_route=\/wp\/v2\/media\/18"}],"wp:attachment":[{"href":"https:\/\/temobile.cv\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/temobile.cv\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/temobile.cv\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}