Oracle Data Center Nears $16 Billion Financing After Twisty Path

A rendering of a data center campus in Saline Township, Michigan.Source: Related Digital

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By Dawn Lim, Paula Seligson, and Brian Eckhouse

April 1, 2026 at 5:20 PM UTC

Related Digital is finalizing $16 billion of financing for a giant Oracle Corp. data center, after months of stop-and-start negotiations with investors.

The developer has been rounding up cash to build a Michigan campus that would allow Oracle to power applications for OpenAI. The financing follows other massive debt packages that banks assembled for Oracle data centers: a $38 billion debt deal to build facilities in Texas and Wisconsin, and $18 billion for a New Mexico site.