Wintermute to Invest $1 Billion in AI Infrastructure

Wintermute Trading Ltd. plans to invest approximately $1 billion over the next five years into high-frequency trading and artificial intelligence data center infrastructure. The London-based digital assets market maker is diversifying into traditional markets, including foreign exchange, commodities, and equities, to reduce its dependence on cryptocurrency.

Founder and CEO Evgeny Gaevoy stated the firm aims for non-crypto markets to generate 50% of its revenue by the end of 2027, a significant increase from the current 10%. To facilitate this growth, the company is expanding its presence in the United States, where its affiliate recently registered as a broker-dealer.

Wintermute intends to fund the expansion through retained earnings. Gaevoy noted that the investment in compute, storage, and networking capacity is necessary to compete with established firms such as Citadel Securities and Jane Street Group, which have spent decades optimizing their infrastructure for these markets.