DataBank, a provider of enterprise-class edge colocation, interconnection, and managed cloud services, announced on April 9, 2024, that it has established a new $725 million credit facility to finance its ongoing and future data center construction projects. The new capital will fund ongoing expansion in existing markets including New York, Denver, Minneapolis, Salt Lake City, and Dallas. This is DataBank's second green financing, with the facilities being financed meeting specific sustainability criteria for water conservation, carbon emissions reduction, and a low Power Usage Effectiveness (PUE). The company aims to be carbon neutral by 2030. The funding will also support the company's expansion in Northern Virginia and Atlanta, with the new facilities nearly doubling the current capacity of DataBank's portfolio.