SWI Group has raised €800 million from institutional investors to develop its artificial intelligence infrastructure. The investment holding company, whose shares are listed in Amsterdam, reported a valuation of €6.1 billion. This latest funding increased the volume of capital raised from equity since March 2026 to over €1 billion.
The company plans to use the funds to develop energy infrastructure, acquire computing equipment, and build data centers. SWI's main focus is on digital infrastructure in both Europe and the United States. Its strategy includes increasing AI computing power and developing services for cloud service clients.
SWI did not disclose the identities of the institutional investors participating in the latest funding round. The transaction involved increasing the company's common shares to approximately 558.4 million, and its free float grew by about 20%.
SWI's expansion is based on acquiring control of Genesis Digital Assets. Earlier, in June 2026, the company announced its intention to invest $500 million in Bitcoin mining business. It was reported that Genesis Digital had 1.3 gigawatts of connected and approved network capacity across 15 facilities.
SWI planned to repurpose suitable sites for high-performance computing and AI. The acquisition was carried out through subsequent deals in the following months. Later, SWI acquired an additional 4.4% stake from funds managed by Stone Ridge Asset Management.
By September, the company reported owning approximately 70% of voting rights. Genesis Digital was renamed SWI Digital. SWI intends to offer its facilities to major cloud providers in Texas, North Carolina, and South Carolina, as well as offering its Swedish infrastructure to potential clients.
The company is selling the remaining three small Bitcoin mining sites in Kazakhstan, as management indicated that Bitcoin mining is no longer a central element of its strategy. Repurposing existing infrastructure may help SWI meet the demand for AI computing.
Recent SWI reports demonstrate an extensive infrastructure development plan. Its US-focused platform has about 1.2 gigawatts of secured network connections, and the European business AiOnX plans an additional 2.3 gigawatts of capacity. These figures illustrate the group's projected scale in both regions, but they reflect only secured power access and planned projects, not currently operational AI computing power.
SWI is developing its own enterprise and developer-oriented AI cloud platform that will provide access to GPU resources. The new funding will be directed towards advancing data center construction and equipment deployment.
Previously, Genesis Digital received a significant $1.15 billion from the trading firm Alameda Research, owned by Sam Bankman-Fried, between August 2021 and April 2022. However, after the collapse of FTX, the FTX Recovery Trust intervened, filing a lawsuit to recover these funds. The trust alleged that the misappropriated funds were used and assets were acquired at inflated prices. The trust withdrew all claims on June 15, 2026, the same day SWI announced its initial investment in Genesis Digital.
The new funding underscores SWI's continued commitment to AI infrastructure. The company's success will partly depend on converting available network connections into valuable computing services. Demand from cloud providers could support the company's expansion into international markets.