Treasuries & Companies Unverified First seen 2026-10-12 10:27 UTC

SWI raises $894 million to convert FTX-acquired Genesis Digital to AI data center

SWI Group said it would use proceeds from an 800 million-euro ($894 million) fundraise to transform Genesis Digital Assets, acquired from the FTX bankruptcy, from a bitcoin miner into an AI-focused data center, according to CoinDesk.

Why “Unverified”

Reported by CoinDesk alone, with no second source or primary confirmation yet

1 independent source group across 1 post · evidence score 60/100. How labels work

What the sources claim

SWI Group said it would use proceeds from an 800 million-euro ($894 million) fundraise to transform Genesis Digital Assets into an AI-focused data center.

“SWI Group said it would use the proceeds from an 800 million-euro ($894 million) fundraise to transform Genesis Digital Assets”
CoinDesk
Genesis Digital Assets was acquired from the FTX bankruptcy.

“acquired from the FTX bankruptcy, from a bitcoin miner to an AI-focused data center”
CoinDesk

Sources

CoinDesk newswire 2026-10-12 10:27 UTC
SWI raises $894 million to repurpose former FTX bitcoin miner Genesis Digital to AI

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Summary and claims extracted by AI with prompt analyze-story@5 on 2026-10-12 10:30 UTC. Labels are computed from the sources, not by the model.