Pimco in talks to provide $14bn in debt financing for Oracle's Michigan data center - report
Follows reports that data center investor Related Digital was nearing financing for the project
Follows reports that data center investor Related Digital was nearing financing for the project
Boyd previously led engineering of hardware and software for AI models on Azure
Comes after the company pulled back on plans for its Ireland location
Details remain sparse
Round led by Coatue
Works to begin later this month
Will also cover investment in cybersecurity and workforce development
Cloud giant has had a region in Singapore since 2010
Funding round from Nvidia also collapses
Layoffs began yesterday
Would be located near the Calvert Cliffs Nuclear Power Plant
Reportedly backed by Meta deal signed last year
Latest update shared on the Cloud Services Market Investigation
Could be for 1GW data center project
Initial capacity expected live in 2027
Upsizes public offering from $700m, expected to close on March 26
Would include a loan for operator Nexus Data Centers
Would be developed to provide redundancy to existing facility
Gets approval for multi-billion-dollar "high-impact development project"
Project broke ground in 2025
Will develop at sites in Utah and Texas
Cipher also secures revolving credit facility of up to $200m
Could be debt or equity, or a combination of the two
Talks conclude: Microsoft gets the gig