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- XTX Markets invests €1 billion in five Finnish data centers to support advanced machine learning applications.
- Finland’s eco-friendly energy attracts XTX Markets’ investment in sustainable data center infrastructure for financial growth.
XTX Markets, an algorithmic trading company, has announced plans to invest more than €1 billion in a five-data center complex in Kajaani, Finland. The move is meant to complement the increasing application of machine learning in their trading data analysis.
The project will be one of the company’s key initiatives in optimizing its operations across global financial markets, as the data centers have a computing capacity of up to 22.5 megawatts, according to Bloomberg.
Slated for completion in 2026, the first data center in the complex will also house office space for roughly 50 workers.
Billionaire Alex Gerko’s quantitative-trading firm XTX Markets is investing more than €1 billion ($1 billion) building five data centers in Finland to underpin its growing use of machine learning https://t.co/xVkoYBbYA4
— Bloomberg Crypto (@crypto) January 22, 2025
Why Finland Stands Out as XTX Markets’ Investment Choice
Finland was selected as the principal investment site for a number of strategic reasons, including low electricity costs and a chilly temperature that promotes energy economy.
Furthermore, XTX Markets is dedicated to including sustainability ideas into the project by supporting local energy demands by means of waste heat from their data centers. Since its inception in 2015, XTX Markets has grown rapidly. They trade daily across markets ranging from equities, fixed income, currencies, and cryptos, now more than $250 billion.
Its technology-driven approach—especially the application of machine learning—has helped the business to examine data more closely and generate more precise price forecasts. This success is reflected in the wealth of the CEO of the company, Alex Gerko, who is worth $10.3 billion. He even ranked as the biggest UK taxpayer in 2023.
On the other hand, technology-based innovation is expanding rapidly in Finland. CNF previously reported that Virtune had started Nasdaq Helsinki with the first regulated crypto investment products (ETPs). The product provides access to digital assets such as Bitcoin, XRP, and Solana, as well as staking possibilities for Ethereum and Solana.
