Hscale secures $1bn contract with hyperscaler for Spanish data centers
Type: Supply Agreement · Technology: Data Center · Country: Spain · Announced: 2026-09-09
Bain Capital-backed Hscale has secured a contract valued at over $1 billion with an unnamed hyperscale client for capacity at its Spanish data centers. This agreement will provide space for cloud and AI workloads, with the potential to expand to other Hscale data centers across the EMEA region. The deal underscores Hscale's strategy to deliver high-capacity infrastructure for demanding cloud customers, leveraging Spain's advantages in scale, connectivity, and renewable energy access. Space is expected to be available for the client in 2027, with Hscale developing facilities in Barcelona (BCN1, 50MW) and near Madrid (MAD1, 192MW).
Analysis
Hscale secured a contract valued at over $1 billion with an unnamed hyperscale client for capacity at its Spanish data centers. Bain Capital, the private‑equity sponsor of Hscale, manages more than $185 billion across private equity, credit, public equity, venture capital and infrastructure strategies. Hscale is developing a 50 MW facility in Barcelona (BCN1) and a 192 MW facility near Madrid (MAD1). The agreement provides space for the client beginning in 2027.
Key points
- Hscale contract value: >$1 billion
- Client: unnamed hyperscale
- Facilities: Barcelona 50 MW (BCN1) and Madrid 192 MW (MAD1)
- Space availability: 2027
- Bain Capital AUM: >$185 billion
Counterparties
- Bain Capital (Parent Company)
- Hscale (Supplier)
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