SWI Group has completed €800 million ($895 million) in financing to accelerate the conversion of its Bitcoin mining facilities into AI computing infrastructure. The company, which previously acquired control of FTX-backed Genesis Digital Assets, will repurpose select mining sites suitable for high-performance computing to support AI workload deployment. This strategic pivot marks SWI Group's transition from traditional crypto mining operations into the AI computing sector. The move reflects a broader industry trend as Bitcoin miners increasingly leverage existing power agreements, data centers, and hardware resources to meet surging demand for AI computing capacity.