Related Digital close to securing $16 billion for Oracle data center, per Bloomberg News

• Blackstone's equity contribution is nearly $2 billion, about half the amount originally considered, while Bank of America leads $14 billion in debt financing now structured as a bond offering rather than a construction loan
• The project is part of the Stargate initiative announced in October by OpenAI, Oracle, and Related Digital to build a data center campus exceeding 1 gigawatt capacity
• The financing comes amid a broader trend of Big Tech companies investing billions into AI infrastructure to support development of technology capable of matching or surpassing human intelligence

Summary: Related Digital Nears $16B Financing for Oracle AI Data Center

Key Development:

Related Digital is close to securing $16 billion in financing for a large-scale Oracle data center project, with finalization expected as early as April 2026, according to Bloomberg News.

Project Details:

• Location: Saline Township, Michigan
• Purpose: Support Oracle applications for OpenAI
• Capacity: Over 1 gigawatt
• Part of the broader "Stargate" initiative to expand U.S. AI infrastructure
• Initial announcement: October 2025 by OpenAI, Oracle, and Related Digital

Financing Structure:

• Equity: Blackstone contributing nearly $2 billion—approximately half the initially considered amount
• Debt: Bank of America leading $14 billion in financing, restructured from a construction loan to a bond offering

Market Context:

The deal reflects Big Tech's massive investment surge in AI infrastructure as companies race to develop technology approaching or exceeding human intelligence capabilities. The financing package represents one of the largest data center development deals amid the AI boom.

Companies Involved:

• Related Digital (developer)
• Oracle (primary tenant)
• OpenAI (end user)
• Blackstone (equity investor)
• Bank of America (debt financing lead)

Status:

None of the involved parties provided immediate comment to Reuters regarding the Bloomberg report. The multi-billion dollar financing underscores the capital-intensive nature of AI infrastructure development and institutional investors' confidence in long-term AI growth prospects.