XTX Markets and YIT Expand Partnership for New Data Center in Finland

YIT and XTX Markets have extended their venture, initiating the construction of a second data centre in Kajaani, Finland. This development is a testament to the growing importance of Kajaani as a hub for data infrastructure. The agreement between the two companies marks a pivotal step in XTX Markets’ broader agenda of establishing a robust data centre complex. The project, which aims to deliver the shell and core structure of the facility, has been kept deliberately confidential in terms of financial specifics. Nonetheless, this collaboration further cements Kajaani’s emerging stature as a vibrant data centre ecosystem. Renowned for its cutting-edge machine learning technology, XTX Markets produces price forecasts for an impressive range of over 50,000 financial instruments. The firm has cleverly selected Kajaani as the site for constructing this state-of-the-art complex, ensuring that it is ready for the future. In a statement from December 2024, YIT and XTX Markets’ collaboration began with the first data centre’s initiation in Kajaani. Their continued partnership speaks volumes about the success of the initial phase and their shared commitment to expanding the data centre’s capabilities. Aleksi Laine, EVP of YIT’s Infrastructure segment, remarked on the fruitful collaboration, emphasising YIT’s proficiency in managing large-scale industrial ventures across Finland. This strong capability has been evident in the smooth progress of the initial data centre project. Mike Irwin, Chief Operating Officer, XTX Markets, said, “We are pleased to move forward to the next phase of our data centre development with YIT, as construction begins on the shell and core of our second facility in Kajaani… However, our longer-term investment roadmap remains under review due to the proposed changes in electricity taxation. We hope that increased clarity and certainty on this matter will enable us to confidently proceed with future phases and further deepen our collaboration with multiple Finnish partners, including YIT.”