YIT continues collaboration with XTX Markets in Kajaani

YIT and XTX Markets have signed a new agreement to begin construction of a second data center in Kajaani, Finland, as part of the algorithmic trading firm’s large data center complex. The project includes delivering the shell and core of the new facility, further strengthening Kajaani’s position as a growing data center ecosystem. The parties have agreed not to disclose the value of the agreement. 

 XTX Markets is a leading algorithmic trading firm which uses state-of-the-art machine learning technology to produce price forecasts for over 50,000 financial instruments. 

 The company selected Kajaani to construct a state-of-the-art data center complex to future-proof its significant computational capabilities. In December 2024, YIT announced its agreement to build XTX Markets’ first data center in Kajaani. 

 “We are very pleased to continue our collaboration with XTX Markets. The first data center project has progressed smoothly, showcasing our strong project management capabilities and technical expertise. YIT has extensive experience in delivering large-scale industrial construction projects across Finland,” said Aleksi Laine, EVP of YIT’s Infrastructure segment. 

Mike Irwin, Chief Operating Officer, XTX Markets, said, “We are pleased to move forward to the next phase of our data center development with YIT, as construction begins on the shell and core of our second facility in Kajaani. This milestone reflects both the strength of our partnership and the successful progress of our broader data center strategy. 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.” 

For further information:

YIT’s Corporate communications, tel. +358 44 743 7536, press@yit.fi

XTX Markets, Richard Hillary, richard.hillary@xtxmarkets.com

Distribution: Nasdaq Helsinki, major media, www.yitgroup.com

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