Related Digital nears $16 billion financing for Oracle data center: Report

Data center developer Related Digital is closing in on $16 billion of financing for a giant Oracle data center following months of negotiations with investors, Bloomberg News reported on Wednesday.

Related Digital has been ‌rounding up ⁠cash ⁠to build a campus in Michigan’s Saline Township that would ​allow Oracle to power applications for OpenAI, according to the report. ​The financing is expected to be finalized as soon as this month.