SWI Group는 전 FTX 관련 비트코인 채굴업체 Genesis Digital을 AI 데이터센터 플랫폼으로 전환하기 위해 약 8억 9,400만 달러를 조달했다.

SWI Group (SWICH), which controls the former FTX-owned bitcoin miner Genesis Digital Assets, said it raised 800 million euros ($894 million) from institutional investors to expand its data center and artificial intelligence (AI) computing business. The round values the company at 6.1 billion euros. SWI announced in June that it would buy about 40% of Genesis Digital for $500 million. It completed the acquisition in August, acquiring 70% of the voting rights, and renamed the unit SWI Digital.

The company's strategy illustrates a familiar trade for bitcoin-mining enterprises. Their most valuable asset is no longer their mining machines but their power connections and [source text incomplete]. Miners have signed more than $70 billion in AI and high-performance computing contracts as they seek steadier revenue than bitcoin mining currently provides.

The pivot from cryptocurrency mining to AI computation puts SWI in the same race as listed miners such as TeraWulf (WULF) and Core Scientific (CORZ), which are converting power access and [source text incomplete].

SWI CEO Max-Hervé George told the Wall Street Journal he had "zero interest" in bitcoin mining. The company is selling Genesis Digital Assets' sites in Kazakhstan and aims to use its U.S. and Swedish facilities for AI workloads instead.

Alameda Research, the crypto trading firm owned by former FTX CEO Sam Bankman-Fried, invested more than $1 billion in Genesis Digital Assets from 2021 and owned about 20% of the miner, the WSJ said. FTX filed for bankruptcy in November 2022, leaving that investment among the many assets scrutinized by the estate.