SWI Raises $896 Million to Shift Genesis Digital Assets Toward AI
SWI Group has raised about $896 million to expand Genesis Digital Assets’ data-center capacity for AI and hyperscale computing after taking majority control.
SWI Group is steering Genesis Digital Assets from bitcoin mining toward infrastructure for artificial intelligence after acquiring majority control of the company.
The group has raised approximately $896 million to expand the business’s data-center footprint for hyperscale computing customers, according to Bitcoin.com News.
Genesis Digital Assets was once among Sam Bankman-Fried’s largest cryptocurrency investments. The shift gives the former bitcoin miner a new focus as SWI develops its computing infrastructure for AI customers.
Source: Bitcoin.com News
