Cracks in the crypto world? This top data center provider is spending $500 million to turn former cryptomining sites into AI cloud facilities

Crypto mining.

• AiOnX takes 77% share in US-based cryptocurrency miner
• The deal sees it take control of 15 data centers in the US and Sweden
• The $500 million acquisition sees it secure access to 1.3 Gigawatts of power, an increasingly scarce commodity for AI datacenters

AiOnX, a major data center infrastructure developer focused on hyperscalers across Europe, has taken a majority stake in the US-based cryptocurrency mining firm Genesis Digital Assets.