Digital infrastructure company SWI raised €800M to upgrade its data centers, including some from Genesis Digital, a bitcoin miner snarled in FTX's bankruptcy (Alexander Osipovich/Wall Street Journal)
SWI’s raise gives it capital to convert distressed crypto-mining infrastructure into AI-era data-center capacity.
The €800M financing is tied to upgrades across SWI’s data-center portfolio. The assets include sites from Genesis Digital, the bitcoin miner entangled in FTX’s bankruptcy. The Journal frames the deal around a reversal in value for an investment once associated with Sam Bankman-Fried’s riskier bets. Source: Techmeme's note
The €800M financing is tied to upgrades across SWI’s data-center portfolio. The assets include sites from Genesis Digital, the bitcoin miner entangled in FTX’s bankruptcy. The Journal frames the deal around a reversal in value for an investment once associated with Sam Bankman-Fried’s riskier bets. Source: Techmeme's note
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