SWI Group has acquired an approximately 77% economic interest in Genesis Digital Assets for $500 million. The deal, which closed on June 15, 2026, gives SWI access to 1.3 gigawatts of grid connections across 15 facilities, mostly in Texas with some in Sweden. The plan is to convert these assets, previously used for cryptocurrency mining, for artificial intelligence and high-performance computing workloads. This acquisition brings SWI’s total AI-ready capacity to 3.6 gigawatts. GDA’s assets were frozen in FTX’s bankruptcy proceedings until a lawsuit against the company was dismissed in mid-June 2026, clearing the way for the sale.
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