News
SWI Group Acquires Majority Stake in Genesis Digital Assets for $500 Million
SWI Group has acquired approximately 77% economic interest in Genesis Digital Assets for $500 million. Genesis Digital Assets is the operator tied to FTX’s former Bitcoin-mining operations. The transaction closed on June 15, 2026, through a series of preferred shares rather than common equity. SWI plans to convert the infrastructure for artificial intelligence and high-performance computing workloads. Genesis Digital Assets controls 1.3 gigawatts of energized and approved grid connections across 15 facilities. Most of these sites are located in Texas, while a smaller set of facilities operates in Sweden. The purchase lifts SWI Group's total AI-ready capacity to 3.6 gigawatts. These assets previously remained frozen in the FTX bankruptcy process until a lawsuit against GDA was dismissed.