Data center developer DC Blox has secured a major financing deal to build a campus in the booming Atlanta market.
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The Atlanta-based firm, which operates a data center portfolio focused on the Southeast, has closed $1.15B in financing for the construction of a data center campus for cloud and artificial intelligence deployments in Douglas County, west of the city, the firm announced Monday.
The funds will support the development of a 120-megawatt data center on the site, as well as the expansion of the campus to support an additional 80 MW that DC Blox says will be available as soon as 2027.
The company called the financing a “green loan.” While no details about the sustainability component of the debt have been provided, such financing vehicles typically incentivize environmentally friendly practices, such as efficient power or water usage, by giving more favorable terms to the data center firm if specific sustainability benchmarks are met.
DC Blox first unveiled plans for a Douglas County campus in 2023. Located in Lithia Springs, the site will ultimately house more than 1M SF of development with 300 MW of total power, according to the firm’s website. The development is touted as adjacent to a Microsoft data center campus and less than 3 miles from a campus operated by Google.
“With this latest project announcement, DC Blox continues to deliver on its mission to build the foundational digital infrastructure needed to drive the Southeast’s growing economy,” DC Blox CEO Jeff Uphues said in a statement. “Atlanta is the fastest-growing data center market in the US today, and we are proud to enable our customers to expand their footprint in our region.”
The project adds to a flood of data center projects in Metro Atlanta, which overtook Northern Virginia as the No. 1 market for data center absorption in 2024, marking the first time that Northern Virginia has lost its top position, according to CBRE. Net absorption in Atlanta reached 705.8 MW in 2024, almost 40 times the figure from the previous year.
DC Blox’s Douglas County project isn’t the only campus the firm is developing in the Atlanta area. Last year, the company broke ground on a campus east of Atlanta in Conyer with 10 MW of initial capacity that could ultimately expand to 120 MW.
Outside of Georgia, DC Blox has announced plans for new facilities in Alabama and South Carolina, as well as a cable landing station in Florida.
The green financing announced Monday follows $265M in green loans secured by the firm in late 2024 to support the development of hyperscale edge sites in the Southeast. At the same time, the firm announced an equity investment from Post Road Group and Bain Capital that DC Blox indicated would support the deployment of more than $1B in development capital.
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