A major data center development company announced Friday that it has obtained the necessary funding for a massive $16 billion technology campus being constructed in Michigan for Oracle Corporation.
Related Digital revealed that the financial backing comes from multiple sources, including equity investments from the company itself and funds connected to Blackstone, along with long-term, fixed-rate debt financing led by funds and accounts managed by PIMCO.
The massive technology facility was first unveiled in October when OpenAI, Oracle, and Related Digital jointly announced plans for the sprawling data center campus in Saline Township, Michigan. The facility is designed to generate more than 1 gigawatt of power and represents a significant component of efforts to boost artificial intelligence infrastructure capabilities throughout the United States.
