Valencia reasserts its role in the new digital economy. NxN Data Centers, a Spanish company specializing in next-generation digital infrastructures, has received the Technology Entrepreneurship Award at the 28th Valencian Night of Telecommunications, held at the Hemisfèric of the City of Arts and Sciences. The award comes at a pivotal moment for the company: its first assets in Spain are in the development phase, and the firm aims to deploy a platform of up to ten sustainable, hyperconnected data centers ready for artificial intelligence.
NxN is rooted in the Valencian tech ecosystem. The project was driven by Nethits Telecom Group, a Valencian-origin group led by Javier Salas, and by Adequita Capital, a British-origin investment services firm. The company itself places its formation in 2023 with the help of both partners, though the corporate release dated May 2026 traces the birth of the project to July 2022. In practice, that chronology reflects an initial phase of business gestation and a subsequent formal establishment of the platform
Behind NxN lies an earlier telecommunications track record. Nethits Telecom Group had already announced in 2021 a major data center project in Valencia, with an envisaged investment of €241 million and the backing of Adequita Capital and ADVentures Partners. The company was presented at that time as a Valencian-origin multinational specializing in the digital sector. According to Valencia Plaza, Javier Salas’s business history began at Netllar, a company founded in 2006 with José Manuel Ferrandis to offer cheaper internet services.
Local and Efficient Data Center Proposals
The recognition at the Valencian Night of Telecommunications reinforces NxN’s image as one of the sector’s emerging platforms. The 2026 edition was held under the motto “Digital sovereignty: Strategic leadership in security and defense”, a context particularly favorable for a company whose offering is based on local data centers, efficient and oriented to support workloads that are intensive, such as artificial intelligence, high-performance computing, and advanced digital services.
The company’s first major project in Valencia is Nx01, located in the Vara de Quart industrial park. The facility will span about 6,500 square meters and have an electrical capacity of up to 6 MW, with an estimated investment of around €60 million. The City Council of Valencia backed the project as the city’s first data center and highlighted its potential to generate skilled employment and attract technology investment.
The company has placed sustainability as one of the central pillars of the Valencia project. The design of Nx01 envisions high energy efficiency criteria, zero water consumption, and sustainable construction standards, in an industry increasingly watched for its high electricity demand. The installation will be equipped to host high-density systems and artificial intelligence workloads, including liquid cooling solutions.
As Valencia progresses toward its planned 2027 opening, NxN has accelerated its operational entry in Madrid. The company announced in April 2026 an asset in the capital that will be its first operating data center in Spain, with an investment of approximately €20 million, 8,500 square meters, and a total capacity of 7.5 MW. Its commissioning is scheduled for September 2026.
The startup’s ambition has drawn institutional capital. In December 2025, InfraRed Capital Partners acquired a majority stake in the company, according to Data Center Dynamics. The deal positioned NxN as a platform backed by an international infrastructure investor, while Adequita Capital maintained a minority stake and the founding team remained involved in day-to-day management.
The management team has also been strengthened in recent months. Javier Salas serves as founder and chief executive officer; Sergio Riolobos, a former telecom sector executive, was named chief executive officer in 2025; and Rafael García Rico appears as head of Infrastructure and Operations. His public profile on Data Center Dynamics links him since 2023 to NxN and notes a prior career at NIXVAL, a company offering colocation and communications services.
The company’s stated goal is to build a network of data centers across Spain and Portugal capable of meeting the growth in demand for storage, computing, and artificial intelligence. On its corporate website, NxN speaks of a platform of up to ten future data centers on the Iberian Peninsula, a figure aligned with the near €500 million investment plan mentioned in the prize announcement.
The bet comes at a time of intense competition among territories to attract digital infrastructures. Madrid concentrates much of Spain’s data center market, but Valencia seeks to gain prominence thanks to its location, connectivity, and growing tech ecosystem. For NxN, the Iberian Peninsula could become a new southern European hub, connected with Portugal, North Africa, and other international markets.
The award received in Valencia is therefore not merely an institutional accolade. It is also a signal of the company’s scale-up, having moved in a few years from a local project to a platform backed by international financial support. In the words of Javier Salas, as quoted in the release, NxN wants to demonstrate that from Spain it is possible to drive “first-rate” digital infrastructures with an impact across Southern Europe.
