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bitcoin newsOct 12, 2026AI summary

FTX-Linked Crypto Mining Venture Shifts Toward AI

Genesis Digital Assets, in which FTX acquired a 20% stake before its collapse, is now being used to support artificial intelligence.

FTX-Linked Crypto Mining Venture Shifts Toward AI

Genesis Digital Assets, a crypto mining business linked to the defunct FTX exchange, is now being used to support artificial intelligence, according to Cointelegraph.

FTX acquired a 20% stake in the company before filing for bankruptcy in November 2022. The investment gave the exchange a minority interest in the mining venture.

The report points to a new use for the FTX-linked business but provides no details on the scale of its AI activities or the current status of the exchange’s stake.

Source: Cointelegraph

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