One of Bitcoin mining’s biggest private operators is becoming an AI-infrastructure company. SWI Group said October 12 that it raised €800 million from institutional investors at a €6.1 billion valuation, bringing total equity raised since March above €1 billion.
The money will fund power infrastructure, data-center buildouts and AI compute in Europe and the United States. SWI already controls more than 70% of Genesis Digital Assets, now being renamed SWI Digital. In July, SWI said it would reposition GDA’s assets from digital mining to high-performance computing and AI workloads.
Confirmed: SWI says the former mining platform contributes roughly 1.3 GW of data-center capacity. Combined with SWI’s European AiOnX platform, the group says it controls more than 3.6 GW of AI-ready infrastructure. SWI also became an NVIDIA Cloud Partner in August.
Reported: The Wall Street Journal says SWI CEO Max-Hervé George has no interest in continuing Bitcoin mining and plans to sell GDA’s remaining Kazakhstan mining sites. That detail is reporting, not part of today’s financing release.
The engineering logic is straightforward: mining campuses already have scarce assets AI developers need—land, substations, grid connections, cooling and operations teams. This does not prove Bitcoin mining is broadly uneconomic; it shows that some owners now believe contracted AI compute can earn more from the same powered real estate.
Related BitcoinVersus.Tech coverage: CleanSpark Stops Monthly Bitcoin Mining Updates · IREN Highlights NVIDIA GB200 Validation as Bitcoin Mining Winds Down · Bitcoin Miners Become the Blueprint for AI Power.
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