SWI Group raised 800 million euros from institutional investors at a 6.1 billion euro valuation. The Singapore-incorporated, Amsterdam-listed company acquired a 38.3% stake in Genesis Digital Assets, the former FTX-backed Bitcoin miner, for 500 million dollars in June. SWI plans to reposition Genesis Digital’s mining facilities, totaling over 1.3 gigawatts across 15 sites in Texas, North Carolina, South Carolina, and Sweden, toward AI infrastructure for hyperscale cloud providers. Alameda Research’s investment in Genesis Digital amounted to approximately 1.15 billion dollars for a 20% stake, but FTX’s estate dropped its lawsuits against the company in June.
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