WORLDTECHBitcoin & Crypto DEVELOPING
SWI raises $894 million to repurpose former FTX bitcoin miner Genesis Digital to AI
First reported Source: CoinDeskLast editorial activity
What happened
SWI Group said it would use the proceeds from an 800 million-euro ($894 million) fundraise to transform Genesis Digital Assets, acquired from the FTX bankruptcy, from a bitcoin miner to an AI-focused data center (a building full of computers that runs online services).
Sources & evidence
- CoinDesk Reporting source
SWI raises $894 million to repurpose former FTX bitcoin miner Genesis Digital to AI ↗
https://www.coindesk.com/business/2026/10/12/swi-raises-usd894-million-to-repurpose-former-ftx-bitcoin-miner-genesis-digital-to-ai