Euronext Amsterdam-listed SWI Group has announced the acquisition of a significant shareholding in Genesis Digital Assets (GDA), one of the largest privately held digital infrastructure platforms, with operations primarily in the United States, for an aggregate consideration of $500 million.
GDA holds 1.3 gigawatts of energized and approved grid connections. The platform comprises 15 facilities, including multiple hyperscaler-grade sites in Texas.
SWI Group intends to reposition the platform from its current digital asset mining operations to high-performance computing and artificial intelligence workloads, leveraging the group’s operating expertise in AI-ready infrastructure through its AiOnX European data center platform.
Combined with AiOnX’s 2.3 gigawatts European platform across Ireland, the United Kingdom, Denmark, Spain and Italy, the acquisition gives SWI Group a combined transatlantic footprint of 3.6 gigawatts of AI-ready digital infrastructure cap
