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Former FTX Miner Genesis Digital Repurposed for AI with $894M Raise

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Medium 7/10Genesis Digital Assets FTX

Former FTX Miner Genesis Digital Repurposed for AI with $894M Raise

SWI Group has secured $894 million to pivot Genesis Digital Assets, a former Bitcoin mining operation acquired from the FTX bankruptcy, towards AI-focused data centers. This strategic shift signals a potential reallocation of significant capital and infrastructure within the digital asset and AI sectors.

October 12, 2026Published 2 hours ago