Hi
merlinsbyte welcome to these Forums.
We do not know what Dark Matter is. Using Newton's law of gravity it seems there is more mass in a galaxy than observed and in the space between galaxies in a cluster than observed.
Therefore DM might not exist at all but the observations be the result of a non-Newtonian law of gravity operating, this is the idea behind the MOND theory.
If Newton is right then it
does exist but as we cannot see it we do not know what it is composed of. The standard model of cosmology, based on GR, predicts that there can only be about 4% of the universe's mass-energy in the form of baryons (ordinary matter), and it requires about 23% to be Dark (non-baryonic) Matter, required to attract stars and galaxies, and the remaining 73% to be something even more mysterious - Dark Energy; which is required to have an 'anti-gravity' effect and cause the universe to accelerate in its expansion, i.e. to repel on a large scale.
Lots of ideas have been suggested for exotic new particles to be Dark Matter but so far no luck in detecting one in a laboratory.
If the standard cosmological model is modified then the Dark Matter might be baryonic after all.
A Concordant “Freely Coasting” Cosmology does not require much or any unknown Dark Matter at all. The problem now is identifying what kind of objects this stuff might be.
One possibility is your suggestion that it is in the form of black holes, however there cannot be too many otherwise they would have been observed through 'microlensing' events. It could be in the form of very dim stars, red dwarfs, or smaller objects 'free Jupiters, see the discussion on the thread 'Gigantic Galactic Blobs'.
I hope this helps,
Garth