By ENRnews
Publication Date: 2026-04-29 12:00:00
A $16 billion hyperscale data center under construction outside Ann Arbor, Michigan, has secured financing backed by Blackstone and other institutional investors, even as the project’s power agreements now face a legal challenge in the Michigan Court of Appeals.
Related Digital, the developer behind the campus in Saline Township, Michigan, said April 24th that the financing includes equity capital of the Company and Blackstone-affiliated funds, as well as debt anchored by accounts managed through PIMCO. The company said the financing remains subject to customary closing conditions.
“The strength of this funding is a strong endorsement of what we have achieved Related digital and about the critical role this project will play in America’s digital future,” said Jeff Blau, CEO of Related Cos. and Chairman of Related Digital.
The project, developed for Oracle and its customer OpenAI, highlights the demand for high-performance computing infrastructure linked to artificial intelligence.
