SWI Group raises $900 million for AI data centers, acquires Genesis from FTX

SWI Group has secured approximately $900 million (800 million euros) in new capital to expand its data center and artificial intelligence computing operations across Europe and the United States. This latest round of funding is expected to accelerate the company’s growth strategy and enhance its technological infrastructure. The capital infusion will also support the integration of digital asset mining operations previously linked to the now-bankrupt cryptocurrency exchange FTX. SWI Group now holds majority control over Genesis Digital Assets, a mining company formerly associated with FTX, bringing it into the company’s network of data centers to bolster overall computing capacity.

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