Related Digital Secures $16 Billion Financing for Data Center Campus with Blackstone
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 24 2026
0mins
Source: Newsfilter
- Massive Financing: Related Digital and Blackstone have secured $16 billion in financing for a data center project in Saline Township, Michigan, specifically designed for Oracle, highlighting strong market demand for digital infrastructure.
- Significant Community Investment: The project is expected to create over 2,500 union construction jobs and 450 onsite positions, while generating millions in new tax revenues to support local schools and fire departments, demonstrating a profound impact on the community.
- Commitment to Sustainability: Utilizing a closed-loop cooling system to protect Michigan's water resources and preserving over 750 acres of open space and wetlands, the project reflects a strategic commitment to environmental responsibility and sustainable development.
- Building Technological Infrastructure: This data center will provide over 1 gigawatt of computing capacity for America's AI infrastructure, positioning Michigan as a key player in the digital economy, while collaboration with Oracle and OpenAI further drives technological innovation.
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Analyst Views on BX
Wall Street analysts forecast BX stock price to rise
12 Analyst Rating
5 Buy
7 Hold
0 Sell
Moderate Buy
Current: 116.140
Low
166.00
Averages
176.60
High
205.00
Current: 116.140
Low
166.00
Averages
176.60
High
205.00
About BX
Blackstone Inc. is an alternative asset manager. Its asset management includes global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries, and hedge funds. Its Real Estate segment comprises its management of opportunistic real estate funds, Core+ real estate funds, and real estate debt strategies. Its Private Equity segment includes its management of flagship Corporate Private Equity funds, sector and geographically focused Corporate Private Equity funds, core private equity funds, an investment platform, and others. Its Credit & Insurance segment consists of Blackstone Credit & Insurance, which is organized into three overarching strategies: private corporate credit, liquid corporate credit and infrastructure and asset-based credit. Its Multi-Asset Investing segment is organized into four investment platforms: Absolute Return, Multi-Strategy, Total Portfolio Management, and Public Real Assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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