SWI Group has secured €800 million (about $895 million) in financing to grow its AI infrastructure business and convert some Bitcoin mining facilities for AI computing. The company plans to repurpose high-performance computing sites, including those acquired from Genesis Digital Assets, to support AI workloads. This shift reflects a broader trend of Bitcoin miners exploring alternative uses for their computing power amid changing market conditions. The funding was announced on October 12, signaling SWI Group's strategic pivot towards AI technology.
SWI Group's recent $895 million financing round for AI infrastructure comes as a backdrop to a broadly positive day in the cryptocurrency market. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Oct 12, 2026 15:31 WIB: out of 50 priced major cryptocurrencies, 39 rose and 10 fell. Notable movers include LINK (Chainlink) up 4.27% with a typical hold time of 63 days and a Pluang order activity of 3% Sell / 97% Buy, COTI up 3.62% with 75% Sell / 25% Buy order activity, and XLM (Stellar) up 3.24% with 14% Sell / 86% Buy order activity.
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