SWI Group Offloads Genesis Digital’s Kazakhstan Bitcoin Mines After FTX Era

SWI Group has put the last three Bitcoin mining facilities operated by Genesis Digital Assets in Kazakhstan up for sale. The company, which previously received funding from FTX , is now controlled by the investment group, which plans to repurpose its energy infrastructure for artificial intelligence data centers. The company, listed on Euronext Amsterdam under the ticker SWICH , raised €800 million (approximately $894 million) through a capital increase targeting institutional investors. The transaction valued the firm at €6.1 billion .