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SWI raises €800 million to expand AI infrastructure via Genesis miner

SWI said the capital increase values the group at €6.1 billion and takes total equity raised since March to more than €1.0 billion.

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SWI Group raised €800 million to expand AI infrastructure, advancing a plan to repurpose FTX-backed Bitcoin miner Genesis Digital Assets, according to CryptoSlate. The Amsterdam-listed company announced a capital increase backed by institutional investors on Oct. 12.

SWI said the financing values the group at €6.1 billion and brings total equity raised since March to above €1 billion. The funds are intended for data-center development, power infrastructure, and computing deployments across Europe and the United States, as SWI shifts its digital infrastructure portfolio toward artificial intelligence and high-performance computing.

The expansion includes Genesis Digital Assets, which SWI acquired control of earlier this year. Genesis was previously a major investment of bankrupt crypto exchange FTX trading affiliate Alameda Research, and the fundraising follows a broader trend of miners redirecting capital toward AI infrastructure.

CryptoSlate also noted that Genesis was among Alameda Research’s largest venture investments before FTX collapsed in November 2022. The outlet said Alameda invested approximately $1.15 billion in Gen

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