SWI Group raises €800M to convert FTX-backed miner Genesis Digital into AI data centres
- —€800 million raised at a €6.1 billion valuation, taking total equity raised since March past €1 billion
- —Genesis Digital holds over 1.3 GW of energised and approved grid connections across 15 facilities
- —Combined with the 2.3 GW AiOnX platform, group capacity exceeds 3.6 GW
- —SWI is selling Genesis Digital's last three small mining sites in Kazakhstan
Why it matters: The deal shows how miners' power infrastructure is being repriced for AI workloads, while assets from the FTX era return to the market.
Source: Blockhead