Bitcoin Mining News: SWI Raises €800M to Turn Ex-FTX Miner Into AI Hub
BTC when published $82,350Now $80,577 ▼ −2.15% since it was published
Bitcoin mining news just got a €800 million twist. An ex-FTX-backed miner is being rebuilt for artificial intelligence, and the cash is already in. This week’s crypto news is about capital secured, not a coin price. SWI Group, listed in Amsterdam, raised €800 million (about $894 million) on October 12, 2026 to expand AI data center capacity in Europe and the US. It controls Genesis Digital Assets, a former FTX-backed miner, and plans to convert its sites for AI workloads. SWI Group raised the money from undisclosed institutional investors at a valuation of about €6.1 billion. The funds will back power infrastructure and AI compute. Reports say its sites in Texas, North Carolina, South Carolina, and Sweden will be marketed to cloud providers.
First reported by CoinGabbar. This page is a short excerpt; the full text is theirs.
