SWI Group Raises €800M at €6.1B to Convert Ex-FTX Genesis Digital Bitcoin Miner Into 1.3GW AI Capacity

SWI Group raised €800M ($894M) from institutional investors at a €6.1B valuation to repurpose Genesis Digital Assets — the bitcoin miner Alameda once owned 20% of — into AI data centers in Texas, the Carolinas and Sweden. SWI took majority voting control in August after acquiring 40% for $500M in June, and plans to divest Kazakhstan mining sites. The combined platform with European arm AiOnX now has 3.6GW of grid capacity, with Genesis Digital alone contributing 1.3GW across 15 facilities.