New updates have been reported about Related Digital.
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Related Digital has lined up a major capital package to fund its $16 billion, Oracle-dedicated data center campus in Saline Township, Michigan, anchoring the company’s role as a large-scale AI infrastructure developer. The structure combines equity from Related Digital and Blackstone-affiliated funds with fixed-rate, long-term debt led by PIMCO-managed funds and accounts, with Bank of America as structuring agent and Goldman Sachs and Wells Fargo advising Related Digital.
CEO Jeff T. Blau framed the financing as validation of Related Digital’s vertically integrated data center platform and its strategic importance to U.S. digital and AI capacity, noting that major construction has already begun and remains on schedule for Oracle. The campus, designed to exceed one gigawatt of capacity and built under Oracle’s partnership with OpenAI, will use a closed-loop cooling system, target LEED certification, and contribute to a development pipeline that now exceeds five gigawatts across North America.
The Saline project is also positioned as a regional economic catalyst, with Related Digital projecting more than 2,500 union construction jobs, over 450 onsite roles, and 1,500 additional county-wide jobs, alongside millions in recurring tax revenues and $14 million in local fire and community investments. The campus, known as “The Barn,” will preserve over 750 acres of open space, farmland and wetlands, aligning with Related Digital’s broader emphasis on sustainable infrastructure and community integration.
From a power standpoint, the project will be supplied 100% by DTE Energy using existing resources and new battery storage financed by Oracle, a structure expected to generate roughly $300 million in savings for DTE’s existing customers by spreading fixed grid costs. Blackstone’s real estate head, Nadeem Meghji, highlighted the deal as a way to capture accelerating demand for AI-driven digital infrastructure, underscoring capital markets’ appetite for hyperscale, compute-intensive assets.
For Related Digital, this financing round strengthens its balance sheet flexibility and confirms institutional support for its $45 billion development pipeline, which includes projects underway in Ontario, Wyoming, Michigan, Missouri, Illinois and Texas. The successful syndication of long-duration, fixed-rate debt in current markets provides improved visibility on project economics and cash flows, positioning the company to replicate this model across future large-scale data center developments as AI and cloud workloads expand.
The transaction remains subject to customary closing conditions, but once fully closed it will cement Related Digital as a key build-to-suit partner for hyperscalers such as Oracle and, indirectly, AI leaders like OpenAI. For executives tracking private digital infrastructure platforms, the deal signals that Related Digital has both the financial backing and execution track record to compete at the upper tier of hyperscale development in North America.