DC BLOX, a provider of connected data center and fiber network solutions across the Southeastern United States, secured $240 million in HoldCo financing from Global Infrastructure Partners (GIP), a part of BlackRock.
The facility provides growth capital for DC BLOX’s hyperscale data center expansion strategy.
“We are excited to partner with GIP, a part of BlackRock, to fuel our ambitious growth goals,” Melih Ileri, chief investment officer of 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 activity through construction jobs, taxes paid, and making investments into the power grid for the benefit of our customers and local ratepayers alike.”
Michael Bogdan, chairman of DC BLOX and head of the digital infrastructure group at Future Standard, the company’s lead sponsor, added, “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. We are pleased to welcome GIP as a strategic and financial partner in DC BLOX’s next phase of growth.”
