Genesis Digital Assets Transforms into AI Data Center

By: www.wsj.com|10/12/2026 05:20:39

Bitcoin mining company Genesis Digital Assets is transitioning into an AI data center. SWI Group acquired a significant stake in the company for $500 million in June this year, becoming the majority shareholder. On October 12, SWI announced it had raised €800 million (approximately $900 million) for the upgrade and expansion of the data center. SWI plans to leverage Genesis Digital's data centers in Texas, North and South Carolina, and Sweden to provide computing power for large cloud service providers and sell off the remaining assets from its Kazakhstan mining operations.

-- Price

--
--
--

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.

You may also like

US Reportedly Set to Cut Long-Term Bonds, What Impact Will It Have on Bitcoin Prices? - Fintech World

The US is reported to be set to cut long-term bonds. Will this impact Bitcoin prices?

大冰要抄底(专注交易) Bearish on US Stocks and Bitcoin

Critical Calendar for Bitcoin and Altcoins: What Developments to Watch from October 12 to 16?

IMPORTANT DEVELOPMENTS OF THE WEEK | OCTOBER 12–16, 2026 🗓️ October 13, Tuesday: 👷 15:15 — U.S. weekly ADP employment change. | 🌐 DC Fintech Week addressing crypto and regulations begins. 🗓️ October 14, Wednesday: 🔥 15:30 — U.S. CPI and core CPI data. | 🏛️ 21:00 — Fed Beige Book report. 🗓️ Oc...

The United States Lost $16 Billion in Bitcoin Without Selling a Single Coin

The United States has seen its bitcoin treasure shrink by $16 billion since the peak in October 2025, without selling a single BTC.

Bitcoin Tests $85K Resistance; STRK Surges | WEEX TradFi Daily Brief (October 12, 2026)

Bitcoin traded near $83,700 and is testing the $84,000–$85,000 cost-cluster zone. In crypto, L2 scaling, ZK modularity, high-performance L1s, gaming and DePIN were relatively active as capital rotated from pure meme trades toward infrastructure narratives. In equities, NVIDIA’s market value is approaching $6 trillion, supported by AI infrastructure demand, while optical modules and fiber names were relatively resilient. Bond markets are closed on October 12 ET for the holiday, while equities trade as normal; the pause in yield pricing may amplify intraday volatility.

WEEX Exclusive:Bitcoin Tests $85K Resistance; STRK Surges | WEEX TradFi Daily Brief (October 12, 2026)

...

Contents

Latest articles

More

Latest coin listings on WEEX

iconiconiconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com