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FTX’s Bitcoin Mining Bet Gets New Life as Parent Raises €800M for AI


SWI Group has raised €800 million to expand its AI infrastructure, advancing its plan to repurpose FTX-backed Bitcoin miner Genesis Digital Assets.
On Oct. 12, the Amsterdam-listed company announced a capital increase backed by institutional investors, valuing the group at €6.1 billion and bringing total equity raised since March above €1 billion.
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ShainingMoon
an hour ago
What’s the signal here? 🧐
0
ShainingMoon
an hour ago
Solid take 💡
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PrinceMagsi786
2 hours ago
First Review
What’s the signal here? 🧐
0