✉news BusinessCrypto first seen 1 d ago, last 1 d ago, peak #13
SWI Group Raises €800M to Convert Bitcoin Miner Genesis Digital Into AI Data Centres
Original: SWI Group Raises €800M to Turn FTX-Backed Bitcoin Miner Genesis Digital Into AI Data Centres
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.
Why now: Investors are closely watching crypto-mining companies pivot to AI infrastructure amid the AI data centre boom.
SWI GroupGenesis Digital AssetsFTX
Evidence
- SWI Group Raises €800M to Turn FTX-Backed Bitcoin Miner Genesis Digital Into AI Data Centres · Blockhead
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