Oracle Data Center Secures $16 Billion Financing for Michigan Facility

Oracle has secured $16 billion in project financing for a massive data center campus in Saline Township, Michigan, announced on April 24, 2026 . The facility — nicknamed 'The Barn' after the historic red barn preserved at its entrance — will comprise three single-story buildings with a combined capacity exceeding one gigawatt, making it one of the largest data center investments in U.S. history. The financing was structured by Related Digital and Blackstone-affiliated funds on the equity side, with fixed-rate long-term debt anchored by PIMCO-managed funds; Bank of America served as structuring agent with Goldman Sachs and Wells Fargo as advisors .

The Michigan campus is purpose-built for ORCL and will serve as a cornerstone of the company's expanding AI infrastructure partnership with OpenAI. That partnership, announced in late 2025, positions Oracle as a primary cloud and compute provider for OpenAI's training and inference workloads as the AI lab scales its operations beyond Microsoft Azure. The facility is expected to create more than 2,500 union construction jobs during buildout and 450 permanent on-site roles, with an estimated 1,500 additional jobs county-wide and millions in annual tax revenues for Saline Township, Washtenaw County, and Michigan schools .

For Oracle, the Michigan project is the latest in a series of hyperscale data center commitments that have accelerated since the OpenAI partnership was formalized. The company's cloud infrastructure revenue has been growing at over 50% annually, and the ability to close $16 billion in financing at fixed rates signals strong institutional confidence in long-term AI infrastructure demand. The LEED-certified, closed-loop cooling design also positions the campus favorably against tightening environmental scrutiny around data center water and energy consumption.

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