Jane Street Eyes New Data Center as Demand for Computing Power Accelerates

• Jane Street is exploring a new data center with up to 200MW of computing capacity.
• The firm plans to expand from tens of thousands to hundreds of thousands of GPUs.
• Record trading growth is driving demand for AI infrastructure and computing power.

Jane Street is exploring plans to build a new data center as the quantitative trading firm seeks additional computing capacity to support its growing operational requirements.

According to a Bloomberg report, the company has entered preliminary discussions with businesses across the technology, cryptocurrency, and financial sectors regarding a possible new facility. While the project remains in its early stages, Jane Street is reportedly targeting between 100 and 200 megawatts of additional computing capacity. Neither the location nor the final size of the proposed data center has been determined.

Computing Expansion Becomes a Priority

The planned expansion aligns with Jane Street’s increasing demand for processing power. The firm currently operates tens of thousands of graphics processing units (GPUs), which are widely used for artificial intelligence workloads and complex computational tasks.

Last month, Ron Minsky, Jane Street’s co-head of technology, said the company expects its GPU footprint to grow in the coming years. According to Minsky, the firm is working toward a tenfold increase in overall computing capacity and anticipates scaling from tens of thousands of GPUs to hundreds of thousands.

The growing need for computing resources has become a key operational consideration as Jane Street expands its technological capabilities. Minsky noted that many research projects, experiments, and new initiatives are constrained by the computing power currently available to the firm.

Internal AI Development Drives Demand

Jane Street plans to use the proposed facility primarily for internal operations. A major focus will be the training of proprietary artificial intelligence models designed to support trading-related functions, including asset price forecasting.

The company already operates a data center in Dallas and supplements its infrastructure through cloud computing providers, including CoreWeave. The new facility would add to those existing resources and provide additional capacity for future projects.

Minsky also indicated that a distributed approach to infrastructure development is necessary as computing requirements continue to increase. He said a single facility cannot provide enough power to satisfy all future needs, making expansion across multiple locations an important part of long-term planning.

Trading Growth Supports Infrastructure Investment

The move comes during a period of strong business performance for Jane Street. The firm reported a record $39.6 billion in trading revenue last year. During the first quarter of this year, the trading volume reached $16.1 billion, more than double the level recorded during the same period a year earlier.

As Jane Street pursues longer-duration positions and increasingly complex trading strategies, additional computing capacity is expected to support systems that operate continuously across global markets.

Bloomberg also reported that other quantitative trading firms are pursuing AI-related computing resources through various channels, including cloud providers and secondary markets for used GPUs, leading to competition for processing power across the industry.

Related: Jane Street $39.6B Revenue Beats JPMorgan, Faces Manipulation Claims