EconPulse Markets. Economy. Malaysia & The World. Mon, 12 Oct 2026
Crypto

SWI raises $894 million to repurpose former FTX bitcoin miner Genesis Digital to AI

SWI raises $894 million to repurpose former FTX bitcoin miner Genesis Digital to AI
Image: CoinDesk

Summary

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.

Source & full coverage: this summary is aggregated from CoinDesk, the original publisher. Read the complete report for full context, data and quotes.

Read the original report at CoinDesk →