FTX’s old Bitcoin-mining infrastructure gets a second life powering AI

What happened

SWI Group has acquired approximately 77% economic interest in Genesis Digital Assets (GDA), the operator tied to FTX’s former Bitcoin-mining operations, for $500 million . What SWI actually bought The deal closed on June 15, 2026.

SWI secured its stake through a series of preferred shares rather than a straight purchase of common equity. The shift from crypto mining to AI workloads highlights the evolving landscape of digital infrastructure, emphasizing connectivity and energy use.

The post FTX’s old Bitcoin-mining infrastructure gets a second life powering AI appeared first on Crypto Briefing . 12, 2026 Some assets from the FTX saga are still finding new homes.

The latest is a fleet of Bitcoin -mining sites that will now chase a different gold rush. The plan is to convert the infrastructure for artificial intelligence and high-performance computing workloads.

GDA controls 1.3 gigawatts (GW) of energized and approved grid connections spread across 15 facilities. Advertisement Most of those sites sit in Texas.

A smaller set of facilities is located in Sweden. Folded into SWI’s existing portfolio, the acquisition (one company buying another) lifts the group’s AI-ready capacity to 3.6 GW .