Genesis Digital’s Crypto Mining Sites Convert to AI as SWI Group Raises €800M
Photo: Blockchain Reporter
Euronext Amsterdam-listed SWI Group has raised €800 million in new institutional capital at a €6.1 billion valuation to accelerate the conversion of Genesis Digital Assets, a U.S. cryptocurrency mining operator it bought this year, into artificial-intelligence data centres. The capital increase, announced Monday , takes the group’s equity raised since March 2026 past €1 billion and lifts its free float to roughly 20% of share capital. The proceeds will fund power infrastructure, compute deployments and a development pipeline on both sides of the Atlantic, with Genesis Digital’s 1.3 gigawatts of energized and approved grid connections at the centre of the…
Source: Blockchain Reporter
