SWI raises $894 million to repurpose former FTX bitcoin miner Genesis Digital to AI
Summary
SWI Group has secured nearly $894 million through a recent fundraise to convert Genesis Digital Assets into an artificial intelligence data center. The firm acquired the former bitcoin mining operation out of the FTX bankruptcy proceedings.
SWI Group said it would use the proceeds from an 800 million-euro ($894 million) fundraise to transform Genesis Digital Assets, acquired from the FTX bankruptcy, from a bitcoin miner to an AI-focused data center.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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