SWI Group's acquisition of Genesis Digital Assets, completed in August 2026, lifts its total AI-ready power capacity to 3.6 gigawatts across its European and American portfolio

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SWI Group plans to use Genesis Digital Assets' U.S. and Swedish facilities for AI workloads while selling Genesis Digital Assets' sites in Kazakhstan

SWI Group plans to use its €800 million capital increase announced on Oct. 12 to expand data centers, power infrastructure, and AI computing deployments across Europe and the United States

CoinShares' second-quarter mining report found that AI computing infrastructure can generate approximately $1.5 million in annualized profit per megawatt compared to $500,000 from Bitcoin mining

Grid operators should prioritize power allocations for AI data centers over cryptocurrency mining

Bitcoin miners have signed over $70 billion in AI and high-performance computing contracts to seek steadier revenue, according to data cited by CoinDesk

CoinShares estimates that converting mining facilities into AI-grade data centers costs $8 million to $15 million per megawatt, compared to $700,000 to $1 million for mining facilities

Publicly traded AI-focused mining companies traded at an average of 19.4 times forward sales compared to 6.6 times for mining-focused peers, according to CoinShares

CoinShares found that over $100 billion in disclosed AI computing contracts across the 12 publicly traded mining companies it covered supported roughly $1.1 billion in annualized revenue from 550 megawatts

Publicly listed miners including TeraWulf and Core Scientific are converting their power access and data center capacity into artificial intelligence hosting businesses