SWI Group secures €800M to convert Genesis Digital into AI data centres
Amsterdam-listed digital infrastructure firm #SWIGroup, which took control of former Bitcoin miner #GenesisDigitalAssets earlier this year, has raised €800M to expand its data centre infrastructure and #AI computing capacity. The capital increase, backed by undisclosed institutional investors, values SWI at €6.1B and brings its total equity raised since March to more than €1B.
SWI will invest in power infrastructure, computing capacity and projects across Europe and the US. CEO Max-Hervé George said it plans to market Genesis Digital’s sites in Texas, North Carolina, South Carolina and Sweden to hyperscalers, while selling its remaining three mining sites in Kazakhstan and exiting Bitcoin mining.
👉 blockhead.co/2026/10/12/swi-group-raises-eur800m-to-turn-ftx-backed-bitcoin-miner-genesis-digital-into-ai-data-centres/
Amsterdam-listed digital infrastructure firm #SWIGroup, which took control of former Bitcoin miner #GenesisDigitalAssets earlier this year, has raised €800M to expand its data centre infrastructure and #AI computing capacity. The capital increase, backed by undisclosed institutional investors, values SWI at €6.1B and brings its total equity raised since March to more than €1B.
SWI will invest in power infrastructure, computing capacity and projects across Europe and the US. CEO Max-Hervé George said it plans to market Genesis Digital’s sites in Texas, North Carolina, South Carolina and Sweden to hyperscalers, while selling its remaining three mining sites in Kazakhstan and exiting Bitcoin mining.
👉 blockhead.co/2026/10/12/swi-group-raises-eur800m-to-turn-ftx-backed-bitcoin-miner-genesis-digital-into-ai-data-centres/