US data center operator DC Blox has secured $240 million in holdco financing from BlackRock subsidiary Global Infrastructure Partners.

The funds will be used as growth capital for DC Blox’s hyperscale data center expansion strategy.

Holdco financing is a financial instrument that allows an investing parent company like GIP to raise debt on behalf of a subsidiary like DC Blox. It is often used to inject money into a company without increasing its debt.

DC Blox has recently secured a number of different loans related to its US data center buildout, including a $1.15 billion green loan in 2025, a $265 million green loan in 2024, and equity investment from Post Road Group, also in 2024.

“We are excited to partner with Global Infrastructure Partners, a part of BlackRock, to fuel our ambitious growth goals,” said Melih Ileri, CIO at DC Blox.

“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 Global Infrastructure Partners as a strategic and financial partner in DC Blox’s next phase of growth.”