- XTX Markets is building a massive data center in Finland for cost-efficiency.
- Finland’s affordable energy and cool climate attract XTX Markets, making it a prime data center location.
Online trading giant XTX Markets is breaking the mold by building a massive data center in Finland. This move bucks the trend of outsourcing IT needs to Silicon Valley tech giants.
The company cites affordable energy and a naturally cool climate as reasons for choosing the Nordic location.
Initially, the data center will boast 22.5MW capacity, with plans to scale up to a whopping 250MW. Finland’s lower energy costs and reduced need for artificial cooling make it an attractive choice for data-hungry operations.
XTX’s decision highlights a desire for control over their technology infrastructure, a contrasting approach to competitors like Citadel Securities who rely on cloud services from companies like Google.
