HSCALE Milan Data Centre Program

Milan metropolitan area, Italy · 25Status under reviewProgram

Headline capacity: See constituent sites
Updated: Oct 28, 2026

HSCALE's Milan program covers MXP1 and MXP2 with more than €2 billion of combined investment. HSCALE Milan Data Centre Program is located in Milan metropolitan area, 25, IT and is a program in preconstruction status.

Constituent sites / phases

HSCALE Milan MXP2 · Data center campus

Capacity

Operating IT capacity: Not established in published records

A missing figure does not mean zero. Planned, utility and generation figures are not operating IT capacity.

Development

Milestones (2)

Bain Capital unveils HSCALE

May 21, 2025 · Recorded actual event

Completed · Event type not stated

Source not linked

HSCALE closes second Milan campus site

May 20, 2026 · Recorded actual event

Completed · Event type not stated

Source not linked

Participants

Aquila Group

Investor

Sources by role

Investor (1)

Bain Capital unveils HSCALE · May 21, 2025 · Primary

Investor (1)

About HSCALE · Corroborating

Bain Capital

Investor

Sources by role

Investor (1)

Bain Capital unveils HSCALE · May 21, 2025 · Primary

Investor (1)

About HSCALE · Corroborating

HSCALE

Developer · Operator

Sources by role

Developer / Operator (1)

HSCALE closes second hyperscale data centre campus in Milan · May 20, 2026 · Primary

Other participants (1)

Aquila Clean Energy

Supplier

Sources by role

Supplier (1)

HSCALE closes second hyperscale data centre campus in Milan · May 20, 2026 · Corroborating

Supplier (1)

About HSCALE · Primary

Capital & incentives

Capital claims and financing records may overlap. Their amounts are not added together.

Capital claims

Combined milan investment

Actual

€2 billion+

Source

Financing records

Combined sponsor capital program

€2,000,000,000

May 20, 2026

Combined MXP1/MXP2 Milan capital deployment; no campus split.

Parties & sources

Aquila Group (Minority equity sponsor) · Bain Capital (Sponsor) · HSCALE (Developer)

Sources (1)

HSCALE closes second hyperscale data centre campus in Milan · May 20, 2026

Site & development

Preconstruction and procurement underway

Actual

True

Source

Additional project facts

Campus count

Actual

2 campuses

Source

Bain ownership

Actual

80 percent

Source

Aquila group ownership

Actual

20 percent

Source

Company stated renewable share near

Actual

50 percent

Source

Infrastructure & permits

Technical details (1)

Electric grid

Secured or contracted

250 MW

Aggregate across two campuses; MXP2 allocation is not derived.

Public-source research. Plans may change. See Evidence for sources and qualifications.