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      Genesis Digital Assets to Transition into AI Data Center Following Major Investment

      Genesis Digital Assets, a Bitcoin mining company, is set to transform its operations into an artificial intelligence (AI) data center. This shift follows a significant investment by SWI Group, which acquired a controlling stake in the company for $500 million in June 2026.

      On October 12, 2026, SWI Group announced that it has secured €800 million (approximately $900 million) to fund upgrades and expansions of the data centers. The company plans to leverage Genesis Digital's facilities located in Texas, North Carolina, South Carolina, and Sweden to provide computing power for major cloud service providers.

      As part of this transition, SWI Group intends to divest the remaining assets from Genesis Digital's mining operations in Kazakhstan, focusing instead on the burgeoning AI market. This strategic move reflects the growing demand for AI computing resources and the evolving landscape of digital asset management.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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