SWI Turns FTX’s Former Bitcoin Mining Infrastructure Toward AI Boom

Genesis Digital Assets, once one of Sam Bankman-Fried’s largest crypto investments, is being repurposed for the artificial-intelligence boom after SWI Group took majority control. SWI has now raised about $896 million to expand the former bitcoin miner’s data-center footprint for hyperscale computing customers. A bitcoin mining company once tangled in the wreckage of FTX is getting a second life, this time as an artificial-intelligence (AI) infrastructure play. SWI Group has acquired a majority stake in Genesis Digital Assets and plans to convert much of its data-center estate from crypto mining toward AI and cloud-computing workloads, according to the Wall Street…

Source: Bitcoin.com News