SWI Group

SWI Group has raised $900 million in a move being linked to a Bitcoin bet connected to the collapsed exchange FTX. Reports describe the development as an unexpected turn in the FTX saga, where the estate's cryptocurrency holdings have drawn interest from investors. Details on how the funds will be used and the exact structure of the deal remain limited, with coverage so far based on a single finance report.

SWI Group has raised 800 million euros to convert a bitcoin mining company once backed by FTX into artificial intelligence data centers. The move reflects a wider trend of crypto mining firms repurposing their infrastructure and power capacity to serve booming demand for AI computing, as AI data center capacity becomes one of the most sought-after assets in tech.

SWI Group has raised €800 million to repurpose Genesis Digital Assets, a bitcoin mining company once backed by FTX, into AI data centre infrastructure. The move reflects a broader trend of crypto mining firms pivoting to high-performance computing as demand for AI capacity surges and mining margins tighten.

Swiss media outlet SWI swissinfo.ch is highlighting groups of victims of the war in Gaza that it says receive little public attention. The report focuses on people affected by the conflict whose plight is underreported amid ongoing coverage of the fighting between Israel and Hamas.