XTX Markets Commissions YIT for Second Kajaani Data Centre Build, but Long Term Plans Remain Uncertain

Algorithmic trading firm XTX Markets has signed an agreement with YIT Corporation for the construction of a second data centre at its Kajaani campus in Finland. The project will see YIT deliver the shell and core of the facility, continuing its work from XTX’s first data centre on the site. The contract value has not been disclosed.

While construction is set to begin, XTX noted that its longer-term campus expansion plans remain uncertain due to proposed changes in electricity taxation. Chief Operating Officer Mike Irwin highlighted the strong partnership with YIT and the progress of the company’s data centre strategy, but stressed the need for policy clarity before committing to future development phases. XTX expressed hope for continued collaboration with Finnish partners once the investment outlook is resolved.