FTX’s old Bitcoin-mining infrastructure gets a second life powering AI
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SWI Group paid $500 million for a controlling stake in Genesis Digital Assets, betting that grid connections built for mining now matter more for AI Some assets from the FTX saga are still finding new homes. The latest is a fleet of Bitcoin -mining sites that will now chase a different gold rush. SWI Group has acquired approximately 77% economic interest in Genesis Digital Assets (GDA), the operator tied to FTX’s former Bitcoin-mining operations, for $500 million. The plan is to convert the infrastructure for artificial intelligence and high-performance computing workloads. The deal closed on June 15, 2026.
First reported by Crypto Briefing. This page is a short excerpt; the full text is theirs.
