Algorithmic financial trading company XTX Markets is reportedly building its own data center campus in Finland.

The company is constructing a 250MW facility in Kajaani, the capital of Finland’s Kainuu region, to handle the data it generates from trades.

XTX_Markets
– XTX Markets

According to the FT, which first reported the news, the campus will take two years to build and the first building on the site will have IT capacity of 22.5MW.

“Modern, deep learning models require vast amounts of compute and so we have secured the Kajaani site to increase our capacity in a maximally sustainable way,” Joshua Leahy, chief technology officer at XTX, told the FT.

The company has not commented on the cost of the scheme, or shared any further details of the campus.

XTX processes trades worth $250 billion each day, and recorded profits of $1.1 billion last year. Its trading system, which deals in stocks, bonds, crypto, and other assets, is entirely automated, meaning it has invested significantly in digital infrastructure.

Its website says the company has access to 400 petabytes of usable storage, 8.5 petabytes of RAM, and that its research compute cluster is comprised of 25,000 GPUs, though it doesn’t specify what type of chips it has deployed.

Finland and the wider Nordic region is a popular location for data center operators due in part to its cold climate. Elsewhere in Kajaani, Iceland’s Borealis Data Centers revealed in February that it had purchased a data center at the Renforsin Ranta Business Park, marking its first international expansion.

In December, another Icelandic company, atNorth, revealed it was opening a 60MW data center in Kouvala, Finland.