GIP Provides $240M to Fund DC BLOX Data Center Growth

January 16, 2026

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The financing will support the development of hyperscale projects in Greater Atlanta and other facilities in the Southeast.

DC BLOX has secured $240 million in HoldCo financing from Global Infrastructure Partners, a wholly owned BlackRock subsidiary, which will help the Atlanta-based provider of data center and fiber network solutions continue its Southeast expansion.

Rendering of DC BLOX’s Atlanta West Hyperscale Data Center Campus, in Lithia Springs, Ga. — A rendering of DC BLOX’s Atlanta West Data Center Campus in Lithia Springs, Ga. The campus is part of DC BLOX’s data center expansion throughout the Southeast. *Image courtesy of DC BLOX*

The investment will provide growth capital for DC BLOX’s hyperscale data center expansion strategy as well as other digital infrastructure facilities such as its Myrtle Beach, S.C., cable landing station and a regional fiber network. The deal comes at a time when artificial intelligence and cloud providers are moving beyond traditional gateway markets into the Southeast’s more power-rich, business-friendly corridor.

Michael Bogdan, chairman of DC BLOX and head of the digital infrastructure group at Future Standard, the company’s lead sponsor, said in a prepared statement the strategic investment from GIP reflects the strength of DC BLOX’s vision and confidence in its execution. Bogdan said DC BLOX is helping to accelerate the Southeast’s emergence as a global hub for AI-driven innovation.

The new financing will enable DC BLOX to provide data center capacity, regional and global connectivity and operational resilience needed to support hyperscale growth, AI-enablement and the Southeast’s accelerating digital economy.

Georgia surpassed Northern Virginia for data center absorption in 2024, according to a CBRE report. Greater Atlanta saw significant growth with 705.8 megawatts of positive net absorption, nearly 39 times more than in 2023. The metro’s data center inventory increased by 222 percent to 1,000.4 megawatts, CBRE stated.

Earlier green loans

The GIP financing comes several months after DC BLOX closed on $1.2 billion and $265 million in green loans that support the development and construction of the firm’s expanding portfolio of digital infrastructure projects.

In October, GIP secured a $265 million green Senior Secured Credit Facilities loan from joint lead arrangers First Citizens Bank, ING Capital and Nomura Securities International, Inc., to develop preleased hyperscale-driven edge sites. It will also be used to invest in energy infrastructure at a 216-megawatt, 750,000-square-foot hyperscale-ready data center campus in Conyers, Ga., that will be called Atlanta East.

The company also announced at that time it had raised incremental equity capital from existing and new investors, led by Post Road Group and Bain Capital Credit. The funding will enable the deployment of more than $1 billion of total capital to finance further construction and development of powered-land banking opportunities.

During the summer, DC BLOX closed on nearly $1.2 billion in green loan financing for development of a 120-megawatt, 1.3 million-square-foot data center campus in Lithia Springs, Ga. The lenders were not identified. The Douglas County facility, known as Atlanta West Hyperscale Data Center campus, has been designed to meet the demands of cloud and AI workloads. The campus, set for delivery by 2027, could be expanded to handle an additional 80 megawatts of capacity.

GIP’s data center focus

GIP’s financial support of DC BLOX follows several key investments in the data center sector made by the BlackRock subsidiary in recent months. In November, GIP entered into a strategic joint venture with Spain-based ACS Group to develop and operate data centers worldwide in a deal valued at nearly $26.8 billion. Each partner is to own a 50 percent stake in a new data center platform, which will include ACS’s existing 1.7-gigawatt portfolio across the U.S., Europe and Australia, valued at $2.3 billion. ACS is also reviewing a development pipeline that could result in more than 11 gigawatts in data center projects across the globe, including North America.

A month earlier GIP was part of a consortium of investors signing an agreement to purchase all equity in Aligned Data Centers. The company operates more than 50 data center campuses worldwide and is valued at about $40 billion. The deal with current owner Macquarie Asset Management is expected to close in the first half of this year.

The consortium was formed in September 2024 to invest in AI infrastructure development. The group includes BlackRock, MGX, Microsoft and NVIDIA, with the Kuwait Investment Authority and Temasek providing additional financing.