A $1bn Spanish data centre deal, with no customer and no address

HSCALE signed a contract exceeding $1 billion with an unnamed global cloud provider to build a Spanish data-centre campus slated for first service in 2027, involving roughly $1 billion in capital investment and a framework for further work across EMEA. The project, described as one of Spain’s largest under construction, aligns with the country’s low wholesale power costs and renewable-energy advantages, though the exact site—potentially BCN1 near Barcelona or MAD1 near Madrid—remains undisclosed.