Global Infrastructure SherpaOracle secures 10GW of power for data center pipeline and raises $30 billion in debt and equity for capacity expansion
USD30B
Deal Value
10 GW
Capacity
Oracle has secured 10GW of power for its data center pipeline over the next three years and raised $30 billion through investment-grade bonds and mandatory convertible preferred stock in February 2026. This financing is part of a larger plan to raise up to $50 billion to meet the capacity requirements of several large customers, including OpenAI, AMD, xAI, Meta, TikTok, and Nvidia. The company also brought 400MW of data center capacity online in the last quarter, demonstrating significant infrastructure expansion.
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Counterparts (7)
Offtaker
OpenAI
OpenAI is focused on artificial intelligence research and deployment. While not directly an infrastructure investor, its activities in AI require significant computing power, leading to investment and development in data centers and related energy infrastructure.
AMD
AMD is a global semiconductor company that designs and manufactures computer processors and related technologies. While not directly an infrastructure investor, AMD's products are critical components in data centers, telecommunications infrastructure, and other infrastructure applications.
TikTok
TikTok, a leading global short-form video platform and a product of ByteDance, is a significant infrastructure consumer and developer. Its core infrastructure involvement stems from the massive global data center footprint required to deliver content and services, alongside a strong commitment to powering these operations with renewable energy through direct investments and Power Purchase Agreements (PPAs).
xAI
xAI is an artificial intelligence company founded by Elon Musk. While their primary focus is on developing AI, their technology could have applications and implications for various infrastructure sectors, particularly in areas like data centers, smart grids, and autonomous transportation.
NVIDIA
NVIDIA is a technology company specializing in accelerated computing, particularly in AI and digital twins. Their technologies are used across various industries, including automotive, healthcare, and manufacturing, with a focus on enabling sustainable computing through energy-efficient solutions.
Meta
Meta is a technology company focused on social technology, VR, AR, and AI. They are committed to building the future of human connection and making a positive impact.
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Subscribe from €20/mo →Deal Analysis
Oracle just locked in a staggering 10GW of power for its data center pipeline over the next three years, a clear signal of its intent to dominate cloud infrastructure for AI. To fuel this expansion, the company secured $30 billion in financing, a significant portion of its planned $50 billion capital raise. This capital will directly support the immense computing needs of major clients like OpenAI, AMD, xAI, Meta, TikTok, and Nvidia. Oracle's recent delivery of 400MW of new data center capacity last quarter shows this isn't just a plan, but an active build-out to meet surging demand.
- Oracle secured 10GW of power for its data center pipeline.
- Raised $30 billion via investment-grade bonds and mandatory convertible preferred stock, targeting $50 billion total.
- Key clients include OpenAI, xAI, Meta, TikTok, AMD, and Nvidia.
- Brought 400MW of data center capacity online last quarter.
Timeline
Announced
Mar 11, 2026
Signed
Closed
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