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FTX's Former Bitcoin Mining Venture Transitions to AI as New Funding Emerges

Crypto News

FTX's Former Bitcoin Mining Venture Transitions to AI as New Funding Emerges

SWI raises $894 million to repurpose former FTX bitcoin miner Genesis Digital to AI

CoinDesk

SWI raises $894 million to repurpose former FTX bitcoin miner Genesis Digital to AI

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...

Genesis Digital, once backed by FTX, puts its last Kazakh bitcoin mines up for sale

Cryptopolitan

Genesis Digital, once backed by FTX, puts its last Kazakh bitcoin mines up for sale

FTX-backed Genesis Digital is selling its last Kazakhstan BTC mines as owner SWI Group raises €800 million to turn US and Swedish sites into AI data centers.

FTX’s former Bitcoin mining bet gets new life as parent raises €800 million for AI

CryptoSlate

FTX’s former Bitcoin mining bet gets new life as parent raises €800 million for AI

The new equity backs a wider AI platform while SWI pursues its existing plan to reposition Genesis Digital Assets' mining sites.

FTX Bitcoin Bet Takes an Unexpected Turn as SWI Group Raises $900 Million

Crypto News

FTX Bitcoin Bet Takes an Unexpected Turn as SWI Group Raises $900 Million

SWI Group has raised €800 million at a €6.1 billion valuation to fund AI infrastructure, power projects and compute across Europe and the US.

FTX’s crypto mining venture is now used to advance AI

Cointelegraph

FTX’s crypto mining venture is now used to advance AI

The defunct exchange acquired a 20% stake in Genesis Digital Assets before FTX declared bankruptcy in November 2022.

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