Blackstone, Related Digital Secure Financing for $16 Billion Oracle Data Center Project
Igår, 09:58
03:58 AM EDT, 04/27/2026 (MT Newswires) -- Blackstone (BX) and Related Digital said Friday funding for a $16 billion data center facility for Oracle (ORCL) in Saline Township, Michigan, was finalized.
The financial package incorporates equity from both primary partners alongside fixed-rate, long-term debt backed by investment vehicles under PIMCO management, the companies said.
DTE Energy (DTE) will provide the required electricity using current grid capacity supplemented by a new battery storage installation funded completely by Oracle, they said.
The three-building technology campus will deliver over one gigawatt of capacity and use a closed-loop temperature control design to allow for AI computing expansion, the companies added.
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Blackstone, Related Digital Secure Financing for $16 Billion Oracle Data Center Project
Igår, 09:58
03:58 AM EDT, 04/27/2026 (MT Newswires) -- Blackstone (BX) and Related Digital said Friday funding for a $16 billion data center facility for Oracle (ORCL) in Saline Township, Michigan, was finalized.
The financial package incorporates equity from both primary partners alongside fixed-rate, long-term debt backed by investment vehicles under PIMCO management, the companies said.
DTE Energy (DTE) will provide the required electricity using current grid capacity supplemented by a new battery storage installation funded completely by Oracle, they said.
The three-building technology campus will deliver over one gigawatt of capacity and use a closed-loop temperature control design to allow for AI computing expansion, the companies added.
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