Cartis diligence evidence schedule
HSCALE Milan Data Centre Program
PRJ-0363 · Program · Milan metropolitan area, 25, Italy
Captured 2026-09-06T04:11:53.008Z · Record last updated 2026-08-25
SHA-256: 167de766dd95ef61b73111ceaf20671aadcc3276c62eebde932ffaaa400c1e10
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Scope and capacity
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.
Headline: —
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Claims and exhibit sources
Campus Count · 2 campuses
actual · HSCALE Milan Data Centre Program (project)
Claim 32932 · Review: Approved · Claim date: Not published
- HSCALE closes second hyperscale data centre campus in Milan
HSCALE · Document date: 2026-05-20 · Corroborating
https://www.hscaledc.com/update/hscale-closes-second-hyperscale-data-centre-campus-in-milan-committing-over-e2-billion-to-the-region/ - MXP2 integrated environmental authorization
Metropolitan City of Milan · Document date: 2025-01-01 · Corroborating
https://inlinea.cittametropolitana.mi.it/files/aia/402959-AttoDirigenziale__RG_11250_2025.pdf - Italy, Milan
HSCALE · Document date: Not published · Primary
https://www.hscaledc.com/data-centres/italy-milan/
Combined Milan Investment · €2 billion+
actual · HSCALE Milan Data Centre Program (project)
Claim 32934 · Review: Approved · Claim date: Not published
- HSCALE closes second hyperscale data centre campus in Milan
HSCALE · Document date: 2026-05-20 · Primary
https://www.hscaledc.com/update/hscale-closes-second-hyperscale-data-centre-campus-in-milan-committing-over-e2-billion-to-the-region/
Preconstruction And Procurement Underway · True
actual · HSCALE Milan Data Centre Program (project)
Claim 32935 · Review: Approved · Claim date: Not published
- HSCALE closes second hyperscale data centre campus in Milan
HSCALE · Document date: 2026-05-20 · Primary
https://www.hscaledc.com/update/hscale-closes-second-hyperscale-data-centre-campus-in-milan-committing-over-e2-billion-to-the-region/
Bain Ownership · 80 percent
actual · HSCALE Milan Data Centre Program (project)
Claim 32936 · Review: Approved · Claim date: Not published
- Bain Capital unveils HSCALE
HSCALE · Document date: 2025-05-21 · Primary
https://www.hscaledc.com/update/bain-capital-unveils-hscale-and-charts-a-course-for-rapid-expansion-of-hyperscale-data-centres-across-emea/ - About HSCALE
HSCALE · Document date: Not published · Corroborating
https://www.hscaledc.com/about/
Aquila Group Ownership · 20 percent
actual · HSCALE Milan Data Centre Program (project)
Claim 32937 · Review: Approved · Claim date: Not published
- Bain Capital unveils HSCALE
HSCALE · Document date: 2025-05-21 · Primary
https://www.hscaledc.com/update/bain-capital-unveils-hscale-and-charts-a-course-for-rapid-expansion-of-hyperscale-data-centres-across-emea/ - About HSCALE
HSCALE · Document date: Not published · Corroborating
https://www.hscaledc.com/about/
Company Stated Renewable Share Near · 50 percent
actual · HSCALE Milan Data Centre Program (project)
Claim 32938 · Review: Approved · Claim date: Not published
- HSCALE closes second hyperscale data centre campus in Milan
HSCALE · Document date: 2026-05-20 · Primary
https://www.hscaledc.com/update/hscale-closes-second-hyperscale-data-centre-campus-in-milan-committing-over-e2-billion-to-the-region/
Counterparties and capital
Aquila Clean Energy · Supplier · CMP-0903
Aquila Group · Investor · CMP-0902
Bain Capital · Investor · CMP-0901
HSCALE · Developer, Operator · CMP-0900
€2,000,000,000 · 2026-05-20
Combined MXP1/MXP2 Milan capital deployment; no campus split.
Aquila Group (Minority Equity Sponsor) · Bain Capital (Sponsor) · HSCALE (Developer)
Financing record 96; claim-specific source links appear in the exhibit sources where published.
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