DataBank operates large data center campuses and is expanding its roughly 300-acre Red Oak campus south of Dallas. At full buildout the Red Oak site is planned to include eight two-story data centers, each offering about 200,000 square feet of data center space; the fourth building will add approximately 60 megawatts of IT capacity. The company serves hyperscale, cloud and enterprise customers and is pursuing growth through both development and acquisitions. DataBank has secured significant project financing for Red Oak, including $2 billion in April and an additional $650 million announced in this financing round, bringing total loan commitments for the campus to $2.65 billion. The firm also added an $800 million revolver to support capital expenditures and corporate needs, strengthening its capital structure for continued expansion. Dallas remains a leading data center market, supporting demand for DataBank’s capacity growth.

Total raised

$2.2B

Funding rounds

7

Latest round

Debt Financing

Latest activity

Jun 2026