Story perspectives
SWI Group Raises €800M, Gains Majority Control of Genesis
By Drooid · · How we work
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Story summary
- SWI Group raised €800 million, valuing the company at €6.1 billion.
- SWI bought a 38.3% stake in Genesis Digital Assets for €500 million, gaining majority control.
- Combined Genesis’s 1.3 GW and SWI’s 2.3 GW AiOnX platform give the group 3.6 GW AI-ready power.
- CEO Max-Hervé George says he has zero interest in bitcoin mining.
- SWI plans to sell Genesis’s three small mining sites in Kazakhstan.