Data Center · Bloomberg · Spain · Datacenter Dynamics
Dubai Holding could buy stake in data center firm Hscale - report
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Dubai Holding could take a stake in hyperscale data center developer Hscale as it looks to grow its presence in Europe.
Key facts
- Hscale launched last year after Bain bought 80 percent of Aquila Group’s data center business, AQ Compute, in 2024
- Bain Capital, which has assets under management worth $225 billion, is also exploring other avenues to raise funds for Hscale’s data center build-out, the said
- The state-backed investment firm, which is owned by Dubai’s ruler Sheikh Mohammed bin Rashid al-Maktoum and has a portfolio worth $136 billion, has hired advisors to investigate the possibility
- Dubai Holding could take a stake in hyperscale data center developer Hscale as it looks to grow its presence in Europe
Summary
The state-backed investment firm, which is owned by Dubai’s ruler Sheikh Mohammed bin Rashid al-Maktoum and has a portfolio worth $136 billion, has hired advisors to investigate the possibility of buying part of Hscale, according to a report from Bloomberg. Hscale launched last year after Bain bought 80 percent of Aquila Group’s data center business, AQ Compute, in 2024. It currently has one live 6MW facility - OSL1, outside Oslo in Honefoss, Norway. Hscale is planning to expand further in Norway, as well as develop projects in Spain (Madrid and Barcelona), Germany (Frankfurt), Switzerland (Zurich), and Dubai.