Record $38 Billion Debt Deal Fuels Oracle’s AI Data Center Expansion
JPMorgan Chase and Mitsubishi UFJ Financial Group are orchestrating a landmark $38 billion debt offering to finance two Oracle-linked data center projects. The deal, set to launch imminently, represents the largest single financing package for AI infrastructure to date.
The capital structure splits into $23.25 billion for a Texas facility and $14.75 billion for a Wisconsin site, both developed by Vantage Data Centers. These FORM part of Oracle's ambitious "Stargate" initiative - a $500 billion partnership with OpenAI to dominate next-generation computing infrastructure.
Market reaction was immediate, with AI and high-performance computing mining stocks surging. Cipher Mining and Iris Energy ROSE 7%, while Bitfarms jumped 12% in pre-market activity. The four-year loans will price approximately 250 basis points above benchmark rates, with two one-year extension options.
