SWI Group Acquires $500M Stake in Genesis Digital Assets for AI Reposition

SWI Group (Euronext: SWICH) announced today, June 15, 2026, the acquisition of a significant shareholding in Genesis Digital Assets Limited (GDA) for $500 million. The transaction aims to convert GDA's digital asset mining operations into infrastructure for high-performance computing (HPC) and artificial intelligence (AI) workloads.

Repositioning a 1.3 GW Portfolio

GDA holds 1.3 gigawatts (GW) of energized and approved grid connections. The company operates 15 facilities, primarily located in the United States and Sweden, which includes multiple hyperscaler-grade sites in Texas.

Following the completion of the deal, SWI Group will hold approximately 38.3% of GDA's total shareholding and 77.2% of the $1.124 billion liquidation preference attached to the company's preferred shares. Max-Hervé George, Founder and CEO of SWI Group, stated that power connectivity is a critical commodity and converting legacy cryptocurrency infrastructure to support AI workloads represents the highest use of the assets.

Transatlantic Infrastructure Expansion

The acquisition integrates GDA's United States footprint with SWI's existing European data center development platform, AiOnX. AiOnX currently has five sites under development across Ireland, the United Kingdom, Denmark, Spain, and Italy, representing 2.3 GW of capacity.

By combining the two portfolios, SWI Group expands its total transatlantic capacity to 3.6 GW of AI-ready digital infrastructure. This acquisition aligns with a broader industry trend of investment firms and data center operators acquiring legacy Bitcoin mining sites to secure the power and grid connectivity required for exponential AI computing demand.