FTX Bitcoin Bet Takes an Unexpected Turn as SWI Group Raises $900 Million

Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation. The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for... SWI Group has raised €800 million from institutional investors at a €6.1 billion valuation. The Singapore-incorporated, Amsterdam-listed company is repositioning former FTX backed Bitcoin miner Genesis Digital Assets around AI infrastructure and marketing its sites to hyperscale cloud providers .

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