DC BLOX, a provider of data centers and fiber networks in the Southeastern U.S., has raised US$ 240 million in HoldCo financing from Global Infrastructure Partners (GIP), a subsidiary of BlackRock. The funding will support the company’s plan to expand its hyperscale data centers in the region.
According to a press release, the financing comes after previous capital raises, including US$ 1.15 billion and US$ 265 million Senior Secured Green Loans, which were used for developing DC BLOX’s digital infrastructure projects.
Melih Ileri, Chief Investment Officer, DC BLOX, said, “This financing underscores our commitment to serving communities in the Southeast by bringing cutting-edge AI and cloud technology investments with leading hyperscalers into the region, and creating economic development.”
Michael Bogdan, Chairman, DC BLOX and Head of the Digital Infrastructure Group at Future Standard, the company’s lead sponsor, said, “This milestone reflects the strength of DC BLOX’s vision and the confidence in its execution. The company is uniquely positioned to partner with both local communities and hyperscale customers and help accelerate the Southeast’s emergence as a global hub for AI-driven innovation.”
DC BLOX operates hyperscale data centers, subsea cable landing stations, colocation services, and fiber networks, serving both large cloud providers and telecommunications carriers. The financing will allow DC BLOX to expand capacity, improve connectivity, and support growing demand for data center services and AI-related infrastructure in the Southeast US.