HSCALE secures landmark strategic deal with major US cloud provider for hyperscale data centre campus in Spain

The deal represents over US$1 billion in contract value which underpins the expansion and development of one of Spain’s largest data centres currently under construction
• Major long-term agreement with a leading global cloud platform provider.
• First Ready-for-Service date in 2027.
• Project represents approximately US$1 billion of capex investment, strengthening and further cementing Spain’s position in Europe’s AI and cloud economy

London, UK – Tuesday 8th September – HSCALE, the pan-European hyperscale data centre platform, announced today a major strategic deal with a significant global cloud provider to deliver large-scale, high-performance digital infrastructure in a strategic metropolitan area within the Iberian Peninsula.

The agreement is a defining milestone for HSCALE and anchors the development of a next-generation campus designed for the demanding requirements of hyperscale cloud and artificial intelligence workloads. In a deal worth more than US$1billion, the development is currently one of the largest data centres currently under construction in Spain. This deal provides a framework for both parties to progress further infrastructure opportunities across EMEA.

Located in one of Europe’s largest and most strategically important metropolitan markets, the project will add critical capacity in a region where demand for AI-ready and cloud infrastructure continues to accelerate. The campus is already well progressed, enabling the first RFS date to be completed in 2027.

“This deal is a powerful endorsement of HSCALE’s strategy and our ability to deliver complex, high-capacity infrastructure for the world’s most demanding cloud customers. Spain combines scale, connectivity and access to renewable energy, making it a natural location for the next generation of AI and cloud services. We are proud to be moving forward with a customer that shares our focus on operational excellence, speed and responsible long-term growth.”
Paul Berry-Selwood, Chief Commercial Officer, HSCALE

Built for Hyperscale AI and Cloud Infrastructure
HSCALE develops its campus with scalable, customer-led principles. HSCALE designs for high-density deployments and high density Direct-to-the-Chip liquid cooling, whilst maintaining resilience, security and operational flexibility required by hyperscale customers.
Spain’s position as the gateway between European, African and Latin American markets, together with its established availability zones and expanding fibre ecosystem, makes it an increasingly significant location for digital infrastructures. The new capacity will support the continued growth of cloud services and data-intensive applications across Spain and the wider region.

Long-term investment in Spain
The agreement demonstrates HSCALE’s capacity to combine committed capital, secured sites, specialist engineering and customer-specific delivery at scale. It also advances the company’s broader pan-European growth strategy, which includes a pipeline of more than 1GW across key markets including Barcelona, Madrid, Milan, Frankfurt, London, Oslo and more.
Across construction and operations, the project is expected to support ample job creation during the construction phase and provide permanent operational roles, alongside wider opportunities for engineering, energy, security, maintenance and specialist supply-chain partners. HSCALE intends to work closely with surrounding communities to support skills development and long-term economic value.
HSCALE commits to building infrastructure that meets customer performance requirements while contributing responsibly to the communities and energy systems in which it operates.
The counterparty’s identity and detailed commercial terms remain confidential.

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About HSCALE
HSCALE is a pan-European data centre platform delivering sustainable and AI-ready infrastructure. Founded in 2025, it is a joint venture between Bain Capital and Aquila Group. With facilities across Europe, HSCALE serves hyperscalers and cloud service providers with high-performance, flexible infrastructure. Its designs feature ultra high density Direct-to-the-Chip liquid cooling and the potential for heat reuse to support customers’ sustainability goals.
Learn more at www.hscaledc.com

Media contacts
HSCALE; Sabrina Chambonniere, sabrina.c@hscaledc.com

HSCALE shortlisted for Legal Transaction of the Year

 

 

We are delighted to share that HSCALE has been shortlisted for Legal Transaction of the Year in Digital Infrastructure at the Platform Global Awards 2026. 

The nomination recognises HSCALE’s work to advance digital infrastructure through transactions that bring together strategic ambition, legal expertise and effective execution. 

In general, digital infrastructure projects are rarely straightforward. They require multiple teams to navigate a complex combination of commercial, legal, regulatory and operational considerations. All the while maintaining focus on the long-term needs of customers and the markets they serve. 

Our shortlisted transaction supports HSCALE’s continued growth in Milan, an increasingly important destination for hyperscale data centre development. It represents another significant step in our ambition to build sustainable, high-quality digital infrastructure across key international markets. 

While we cannot share every detail behind the transaction, its successful completion reflects a considerable collective effort. It required close collaboration across HSCALE and with our investors, partners and advisers. We are pleased to see the expertise and commitment of everyone involved recognised by the Platform Global judging panel. 

For a growing company like HSCALE, being shortlisted alongside respected organisations from across the industry is a proud moment. It reflects not only what we have achieved, but also the disciplined and collaborative way in which our team approaches complex opportunities. 

Congratulations to our fellow finalists, Eversheds Sutherland and Gateley Middle East, and to all the companies and individuals shortlisted across this year’s categories. 

The winners will be announced at the Platform Global Awards in Antibes on 8 September 2026. And we are looking forward to joining colleagues and peers from across the digital infrastructure community to celebrate the innovation and progress shaping our industry. 

Whatever the result, being shortlisted is already a fantastic recognition for the HSCALE team and one we are very proud to share. 

Visit our Platform Global 2026 event page to find out more and arrange a meeting with the HSCALE team.

Find out more about Platform Global and register for the event 

HSCALE continues its commitment to creating value in Norway at a pivotal time for digital infrastructure

Oslo, 17/07/2026 – HSCALE will continue its role on the board of Norwegian Datacenter Industry (NDI), with Pelle Gangeskar re-elected for a further term following the association’s general assembly. 

NDI’s newly elected board is chaired by Jon Gravråk, CEO of Bulk Infrastructure, with Atle Haga of Stack Infrastructure as vice chair. The board draws members from across the data centre, technology and energy sectors. 

The new term arrives as Norway weighs some consequential decisions for the industry. Power access, permitting and regulation are all under active discussion, and the Norwegian government is carrying out a broad review of the country’s data centre sector. NDI is also gearing up for Arendalsuka in August and the Norwegian Data Center Week in September. 

How these questions are resolved will shape Norway’s ability to attract investment and build digital infrastructure that pays off for businesses, communities and the wider economy. The country has real advantages: renewable energy, a skilled workforce, a stable political and operating environment. Making the most of them will take predictable rules, real dialogue between industry and government, and a shared understanding of what digital infrastructure actually does for a connected economy. 

For HSCALE, staying on the NDI board means bringing operational experience to the table and taking part in the conversation about how Norway grows this sector responsibly. 

“Norway has a strong foundation for building digital infrastructure that creates value both locally and nationally. At the same time, this is a critical period for the industry. How we approach power, permitting and regulation will now shape the industry’s next phase. Furthermore, together with our suppliers, partners and end users, we can and will make the data centre areas in Norway attractive locations to live, and work for future generations. The data centre industry represents an unprecedented investment boom in rural Norway, securing national policies of developing not only the large cities. I look forward to continuing my work with NDI and bringing HSCALE’s expert perspective to the table,” says Pelle Gangeskar. 

As the industry draws more public and political attention, being able to explain clearly what it does, and why it matters, has become crucial. Data centres underpin cloud services, digital businesses and emerging technologies. It is no longer enough to describe how they operate; the industry also needs to show how responsible development supports investment, jobs, skills and innovation in Norway. 

HSCALE congratulates Jon Gravråk on his election as chair, Atle Haga as vice chair, and all returning and newly elected board members. We look forward to working together over the coming term.

 

HSCALE Closes Second Hyperscale Data Centre Campus in Milan, Committing Over €2 Billion to the Region

Bain Capital-backed firm secures across two sites in Northwest Milan, with delivery on track for 2028

 

London, 20th May 2026 – HSCALE, the hyperscale data centre firm backed by Bain Capital, today announced the closing of its second large-scale data centre campus in Northwest Milan. The transaction brings HSCALE’s total committed power capacity in the Milan metropolitan area to 250MW, with ready-for-service dates in 2028.

The combined Milan investment represents over €2 billion of capital deployment in the region, with pre-construction and procurement activities already underway to ensure delivery in line with customer demand.

Both HSCALE campuses are located within Northwest Milan (Settimo): one of the most constrained and strategically important geographies in the market. All major hyperscalers are already present and growing in this area, making it a primary deployment zone for cloud infrastructure in Southern Europe.

 

This level of site control and delivery certainty sets HSCALE apart in a market where securing land, power and permits can take a considerable amount of time. With both sites advancing through pre-construction, HSCALE is positioned to deliver capacity at scale and on schedule.

HSCALE’s Milan campuses feature a design philosophy refined over 12 months of engineering work to align with hyperscaler specifications. The base design allows customers to move between different cooling methodologies: air-cooled, direct liquid-cooled or hybrid with minimal impact on customer spend.

This flexibility matters, as high-density AI workloads increasingly require high-performance liquid cooling, while traditional networking, compute and storage systems continue to grow and still require a mixed combination of cooling methods. HSCALE’s approach means customers can deploy today and adapt as their infrastructure needs evolve, without redesigning their facilities.

 

“We designed HSCALE’s Milan campuses around a simple principle, the building should never be the bottleneck. Our base design is liquid-cooled first, built for the most demanding hyperscale and AI workloads, and can pivot to air-cooled traditional deployments in the same physical structure. No redesign, no additional capex. We design and build like this because we understand the long-term commitments our customers must make.”

Oliver Schiebel, CEO at HSCALE.

 

“Milan is one of the strongest hyperscale markets in Europe and we are committing around €2 billion to this region because we understand what the market needs and are serious about its growth potential. Our team closed the second site, secured the power and is already progressing through pre-construction, ensuring we deliver real , as fast as possible.”

Paul Berry-Selwood, CCO at HSCALE.

 

hscale - Italy, Milan

Milan’s profile as a European connectivity hub continues to grow. Home to MIX (Milan Internet Exchange), Italy’s largest internet exchange point with over 420 connected networks, the city sits at a critical intersection of European and Mediterranean network routes. Milan’s emergence outside the traditional FLAP-D markets (Frankfurt, London, Amsterdam, Paris, Dublin) reflects a broader shift by hyperscalers toward energy-advantaged locations with strong connectivity and growing grid capacity.

 

The development is expected to create a significant number of jobs in the region during construction and operations, drawing on Milan’s deep talent pool across engineering, IT and data centre operations.

HSCALE is committed to being a responsible participant in the communities where it operates. The company is a key sponsor of the Festival di Villa Arconati, a nearly 40-year-old cultural institution in the Milan metropolitan area, as part of its broader community engagement program.

HSCALE’s energy strategy in Milan is designed around a diversified supply mix, with nearly 50% of power sourced from renewable generation including solar, wind and hydroelectric.

The company’s ambition is to increase the renewable share of its energy mix over time as grid capacity and generation in Northern Italy continue to expand.

HSCALE is underpinned by a structural partnership with Aquila Clean Energy, which provides integrated access to clean energy supplies rather than relying solely on standard power purchase agreements.

 

HSCALE is backed by Bain Capital, one of the world’s leading private investment firms with approximately $225 billion of assets under management. The global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. In these focus areas, Bain Capital brings deep sector expertise and wide-ranging capabilities.

Gulf Data Centre Association

HSCALE announces it’s membership in the Gulf Data Centre Association (GDCA), a leading organisation dedicated to advancing the data centre industry in the Arabian Gulf region.

As part of GDCA, we will collaborate with industry leaders to drive innovation, enhance sustainability, and support the long-term growth of the regional data centre ecosystem. This membership strengthens our commitment to delivering cutting-edge data centre solutions and contributing to the digital transformation across the GCC.

We look forward to sharing our expertise, building strong partnerships, and shaping the future of data centre infrastructure in the Gulf.

ISO 27001 Certification

HSCALE has successfully achieved ISO 27001 Certification, a globally recognised standard for information security management.

This milestone underscores our unwavering commitment to security, governance, and operational excellence across every aspect of our corporate and data centre operations. By implementing a robust and scalable framework, we ensure that our customers and partners can rely on us for the highest standards of data protection and risk management.

Our dedicated teams in Technology, Operations, and Compliance worked hand in hand to deliver this achievement, reinforcing our promise to safeguard information and maintain trust.

ISO 27001 is just the beginning. At HSCALE, we continue to embed security, sustainability, and resilience into everything we build.

Interview with Oliver Schiebel by Investment Reports

CEO Interview on the Future of Tech – by Investment Reports  

Our CEO, Oliver Schiebel, recently shared his insights on how AI, chips, and intelligent infrastructure are shaping the next decade of innovation. In the interview, he discusses emerging trends, global challenges, and the opportunities that lie ahead in the tech race.

It’s a great read for anyone interested in where the industry is heading, and how HSCALE is positioning itself at the forefront.

Thanks to Investment Reports and Newsweek for the opportunity to contribute to this important dialogue.

Read the full interview here.

New Podcast Episode: A Word With Ward featuring Oliver Schiebel

We’re excited to share a new episode of A Word With Ward, where our CEO Oliver Schiebel joins Ward Hampton for a thoughtful conversation on the evolving data centre industry.

The discussion covers key challenges such as increasing complexity and the growing demand for sustainable, efficient operations. Oliver shares how HSCALE supports clients in navigating these shifts with clarity and strategic focus.

A central theme: success relies on an aligned and experienced team. At HSCALE, collaboration and shared purpose are at the heart of everything we do.

Listen to the full episode to gain insights into where the industry is heading and how we’re helping shape its future:

Magdalena Markiewicz as HSCALE’s new Chief Financial Officer

We’re proud to welcome Magdalena Markiewicz as HCALE’s new Chief Financial Officer and member of the management team.

Magdalena is a seasoned executive with a strong track record in strategic financial leadership and deep expertise across infrastructure, renewables, and real assets. Her international experience spans corporate finance and capital markets, with previous roles at leading global investment banks and professional services firms in London and New York.

Since 2018, she has served as CFO and Board Director at Eelpower Limited, where she led multiple capital raises, oversaw the delivery and operations of major UK battery energy storage projects, and significantly strengthened the company’s financial governance and funding structure.

Magdalena holds an MBA from IESE Business School and a BA from Vrije Universiteit Brussel. Her passion for innovation and operational excellence aligns perfectly with HSCALE’s mission to deliver next-generation, sustainable data centre infrastructure.

As HSCALE continues to grow, Magdalena’s leadership will be instrumental in shaping our financial strategy and long-term vision.

Bain Capital unveils HSCALE and charts a course for rapid expansion of hyperscale data centres across EMEA

London, UK, 21 May 2025 – Bain Capital, a leading global private investment firm, today announced the launch of hyperscale provider hscale, marking the next step in the firm’s expansion of its digital infrastructure footprint across the EMEA region. As part of this journey, which started with the acquisition of AQ Compute in October 2024, hscale is led by a newly appointed, highly experienced leadership team, and is underpinned by Bain Capital’s proven strategies from successful data centre investments in Asia and the United States.

hscale, custom built for growth and excellence, is committed to developing customer friendly, replicable and scalable digital infrastructure across the EMEA region that is bespoke to hyperscale customers’ evolving requirements.

Industry veterans make up the leadership team, including CEO Oliver Schiebel, who brings extensive experience from his tenure as CEO of Mainova WebHouse. The team has collectively delivered 6.85 GW of data centre capacity across EMEA and APAC, positioning hscale to meet the unprecedented demand for bespoke, high-capacity data centres.

Aquila Group, the former owner of AQ Compute and a leader in sustainable assets, retains a 20 percent shareholding in hscale. The company will continue to contribute its renewable energy and sustainability expertise. In collaboration with Aquila Group and its subsidiary, Aquila Clean Energy, hscale will deploy low-carbon technologies and renewable energy solutions for its hyperscaler clients. In addition, Aquila Group will support hscale’s growth ambitions with substantial investments.

hscale Chief Executive Officer, Oliver Schiebel, said: “hscale is set to leverage the robust capabilities and strategic assets of our heritage firm, aligning them with the innovative strategies and global expertise of Bain Capital. With access to cleaner energy projects, we will develop future-proof, scalable digital infrastructure tailored to the evolving needs of hyperscalers, driven by the rapid growth of AI and cloud services. Our friendly, honest and timely customer service sets hscale apart, allowing our customers the quickest journey to market.”

Michael Huber, a Principal at Bain Capital, added: “With a planned multi-billion Euro investment over the coming years, hscale is poised for rapid expansion. Our strategic pipeline includes over 1GW of projects in key locations such as Milan, Frankfurt, London, Madrid, Oslo, Barcelona, and Zaragoza, with more than 100MW already under construction. This positions hscale to deliver near-term solutions that meet the specific requirements of our hyperscaler clients.”

Official Launch at Datacloud Global Congress

hscale will officially launch at the Datacloud Global Congress in Cannes in June 2025, where the company will serve as a Gold Sponsor. Chief Technology Officer, Abed Jishi, will participate in a panel discussion on 5th June, showcasing hscale’s strategic vision and commitment to excellence.

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About Bain Capital

Bain Capital is one of the world’s leading private multi-asset alternative investment firms that creates lasting impact for our investors, teams, businesses, and the communities in which we live. Since our founding in 1984, we’ve applied our insight and experience to organically expand into numerous asset classes including private equity, credit, public equity, venture capital, real estate and other strategic areas of focus. The firm has offices on four continents, more than 1,750 employees and approximately $185 billion in assets under management.

To learn more, visit www.baincapital.com.

About hscale

hscale is a pan-European data centre platform delivering sustainable and AI-ready infrastructure. Founded in 2025, it is a joint venture between Bain Capital and Aquila Group. With facilities across Europe, hscale serves hyperscalers and cloud services with high-performance, flexible infrastructure. Its designs feature ultra-high-density cooling, liquid cooling and heat reuse to support clients’ ESG goals.

Learn more at www.hscaledc.com

Press contacts:

hscale:

Stefanie Casall, hscale
stefanie.casall@hscaledc.com

APCO:
hscaleEMEA@apcoworldwide.com

 

 

For the Norwegian version of this press release, please refer to the PDF available here.

For the Italian version of this press release, please refer to the PDF available here.

For the Spanish version of this press release, please refer to the PDF available here.