Originally posted on Data Center POST
DC BLOX, a leading provider of interconnected data centers, has secured significant funding to accelerate its hyperscale data center expansion plans. The company has successfully raised additional equity capital from existing and new investors, with Post Road Group and Bain Capital Credit taking the lead. This financial boost will enable DC BLOX to deploy over $1 billion in total capital for future construction and development of powered-land banking opportunities, solidifying its position in the hyperscale-ready data center market.
DC BLOX has also obtained a $265 million green Senior Secured Credit Facilities loan arranged by First Citizens Bank, ING Capital, and Nomura Securities International, Inc. This eco-friendly financing will be used to develop multiple preleased hyperscale-driven edge sites and invest in energy infrastructure for 216 MW of utility power in a recently contracted project.
The financial support has been met with enthusiasm from DC BLOX’s leadership. CEO Jeff Uphues emphasized that this backing demonstrates confidence in the company’s ability to meet the rapidly growing digital infrastructure needs of their customers. The funding will support various DC BLOX initiatives, including edge market data centers, the Myrtle Beach cable landing station, regional fiber network and multiple 150MW+ hyperscale campuses.
To continue reading the full article, please click here.
