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SWI Group Announces About $900 Million for Genesis AI Expansion

Proceeds will fund data center and AI compute expansion and lift total equity raised since March 2026 to more than €1 billion, the company said.

Summary by TokenPost
The financing will fund data-center upgrades and expansion in the United States and Sweden as Genesis Digital Assets shifts away from Bitcoin mining.

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PRESS RELEASE • PROMOTIONAL CONTENTS SINGAPORE and AMSTERDAM, Oct. 12, 2026 /PRNewswire/ • • Euronext Amsterdam-listed SWI Group ( • SWIH) today announces an €800 million capital increase with institutional investors. The capital increase is realized through the issue of new ordinary shares by SWICH in several series, increasing the total share capital to 558,399,385 ordinary [...] L'articolo SWI Group announces €800 million institutional capita…

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MyHorryNews.com broke the news on Monday, October 12, 2026.
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