SWI Secures $894 Million to Transform Genesis Digital into AI Data Center

October 12, 2026

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SWI has raised $894 million to repurpose the former FTX bitcoin miner Genesis Digital into an AI-focused data center. This investment highlights the growing trend of converting crypto infrastructure to support AI applications, which is crucial for meeting increasing demand in the tech sector. Observers should watch how this shift impacts the broader data center landscape and investment strategies.

Read full story at Google Alert - BESS Storage

data centers

ai infrastructure

investment

land development

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