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

3 outlets reporting

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$894M

SWI fundraise

$BTC

$83,369

+0.4%

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.