DC BLOX has raised $1.15 billion in green loan financing for the construction of a data center campus in Douglas County, Georgia, a facility that’s designed to meet the demands of cloud and AI workloads.
The data center and funds will support the development of a 120 MW data center and include campus expansion to support an additional 80 MW, available as early as 2027.
What’s essential about the funding is that it capitalizes on the fact that Atlanta has become a key data center hub.
“Atlanta is the fastest-growing data center market in the US today,” said Jeff Uphues, CEO of DC BLOX.
Furthering Southeast presence
The new Atlanta project comes on the heels of recently announced DC BLOX projects, including multiple hyperscale edge nodes across the Southeast.
These data centers will be in Montgomery, Alabama; North Augusta, South Carolina; and Huntsville, Alabama, in addition to the location in Conyers, Georgia that was previously announced.
With additional hyperscale-ready data center capacity available in Conyers, Georgia and Douglasville, Georgia, DC BLOX is set to expand its presence around Atlanta rapidly.
The Montgomery facility will initially support 5MW for a hyperscale anchor tenant, with capacity to expand up to 40MW to accommodate additional tenants. The North Augusta and Huntsville sites are each designed to provide 5MW of power dedicated to the hyperscale client.
Supporting hyperscaler growth
This latest round of financing follows the prior $265 million green loan secured from various key lenders, as well as the growth equity that Post Road Group committed in the fourth quarter of 2024.
DC BLOX said this funding will enable it to meet the rapidly growing demand for digital infrastructure fueled by hyperscaler expansion.
The company’s timing to get this funding for the new facility could not be better.
Driven by the top four US-based cloud service providers (SPs)—Amazon, Google, Meta, and Microsoft- hyperscale data centers are on the verge of significant growth.
Hyperscale cloud service providers will remain a significant factor in data center growth. A new Dell’Oro report forecasts that worldwide data center capex is projected to grow at a 21 percent CAGR.
The research firm said that it anticipates the hyperscale cloud service providers to account for half of the $1.2 trillion global data center capex by 2029.
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Sean Buckley
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