NewsLayer

Install NewsLayer

Get the app experience — one tap from your home screen, instant loads and breaking-news alerts.

NewsLayer.com
LatestDaily BriefMarkets
NewsLayer PulseLIVE₿BTC$81,303-0.78%ΞETH$2,415-0.86%◎SOL$104.1-1.04%✕XRP$1.3-2.37%ÐDOGE$0.0799-1.76%₳ADA$0.2237-2.33%Total Cap$2.89T+0.00%24H Vol$497.3BLayer Index44 Neutral
BreakingThree Canadian Armed Forces Members Charged in Kidnapping of Crypto Exchange Owner11 giờ trước
Markets
HomeCryptoArtificial Intelligence

Crypto|Artificial Intelligence

FTX's old Bitcoin-mining infrastructure gets a second life powering AI

Some assets from the FTX saga are still finding new homes. The latest is a fleet of Bitcoin-mining sites that will now chase a different gold rush.

TradingView

Publisher

Oct 12, 2026 at 5:38 AM UTC · Updated 5 ngày trước · 2 phút đọc

FTX's old Bitcoin-mining infrastructure gets a second life powering AI
Image via TradingView

Key Signal

$500M Acquisition transaction value

Entities

bitcoin

Market Impact

BTC-0.78%$81,303

Last Updated

5 ngày trước

Đang dịch…

Some assets from the FTX saga are still finding new homes. The latest is a fleet of Bitcoin-mining sites that will now chase a different gold rush.

SWI Group has acquired approximately 77% economic interest in Genesis Digital Assets (GDA), the operator tied to FTX's former Bitcoin-mining operations, for $500 million. The plan is to convert the infrastructure for artificial intelligence and high-performance computing workloads.

The deal closed on June 15, 2026. SWI secured its stake through a series of preferred shares rather than a straight purchase of common equity.

The headline asset is power. GDA controls 1.3 gigawatts (GW) of energized and approved grid connections spread across 15 facilities.

Reach crypto's most engaged readers — advertise mid-article on NewsLayer
Sponsored

Reach crypto's most engaged readers — advertise mid-article on NewsLayer

NewsLayer

Ad

Most of those sites sit in Texas. A smaller set of facilities is located in Sweden.

Folded into SWI's existing portfolio, the acquisition lifts the group's AI-ready capacity to 3.6 GW.

SWI CEO Max-Hervé George framed the acquisition around one word: connectivity. He pointed to the value of power connections in digital infrastructure and described the move as a strategic pivot from crypto mining to AI workloads.

GDA's assets spent years stuck in the FTX bankruptcy process. That meant capital, facilities and grid capacity sat in a kind of legal freezer while courts and creditors sorted out the wreckage.

Market Context

₿

Bitcoin

BTC

$81,305

-0.78% (24H)

$82,532$81,777$81,023
3 AM10 AM6 PM2 AM

Market Cap

$1.64T

24H Volume

$20.8B

24H High

$82,826

View Bitcoin Market Page

Article Intelligence

Key Entities

bitcoin

Topics

aicrypto

Related Coverage

CryptoBitcoin Price Predicted to Reach $90,000 This Month While AlphaPepe Puts an AI Exchange Behind the Next Meme Coin Breakout6 giờ trước · 1 min readCryptoReceivers Lose Costs Bid In £5B Bitcoin Litigation7 giờ trước · 1 min readPolicyBFFS26 Denver: Joseph Kelly on Bitcoin Custody and Credit; Alan Lane on Banking Lessons7 giờ trước · 2 min read
View all related

Sponsored

Ad
House — Advertise on NewsLayer
NewsLayerLearn more

NewsLayer Premium

Unlock deeper intelligence.

Ad-free reading, exclusive research, and real-time onchain insights.

Go Premium
NewsLayer.com

The front page of the onchain economy. Crypto, Web3 and regulation intelligence — live prices, original research and policy tracking in one layer.

Follow on XTelegram

News

  • Latest News
  • The Daily Brief
  • Crypto
  • DeFi
  • Policy
  • Web3
  • Blockchain
  • Explainers

Markets

  • Market News
  • Layer Index
  • Live Charts
  • DeFi Protocols
  • Regulation Tracker
  • Regulation Radar

Company

  • About NewsLayer
  • Advertise
  • PR Publication
  • Become an Author
  • Our Authors
  • Create Account
  • Sign in

Resources

  • Research
  • NewsLayer Originals
  • My Feed
  • Search
  • AI Sector
  • Quantum Sector

NewsLayer Premium

Read the full layer.

Unlock premium intelligence, original research and an ad-free reading experience.

  • Premium Intelligence briefings
  • Ad-free reading experience
  • Members-only research & data
Go Premium

© 2026 NewsLayer.com — The front page of the onchain economy

Privacy Policy·Terms of Service
NewsLayer

Get the signal, not the noise.

Markets, regulation and onchain intelligence in a 5-minute morning read — plus breaking alerts and Layer Index flips as they happen.

The Daily Brief

Breaking alerts

Index flips

Free · No spam · Unsubscribe anytime