The Block (@TheBlockCo): NEW: SWI Group has raised €800 million ($895 million) to expand AI infrastructure after taking control of FTX-backed bitcoin miner Genesis Digital Ass…
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NEW: SWI Group has raised €800 million ($895 million) to expand AI infrastructure after taking control of FTX-backed bitcoin miner Genesis Digital Assets. The company is repurposing suitable bitcoin-mining facilities for AI and high-performance computing workloads as part of its broader shift away from crypto mining.