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International Business Times
International Business Times
Business
Alex Rivers

Max-Hervé George Deepens SWI Group's Push Into AI Infrastructure With US Expansion

(Credit: SWI Group)

Max-Hervé George is expanding SWI Group's ambitions in digital infrastructure through a $500 million investment in Genesis Digital Assets Ltd. (GDA), a US-based operator of large-scale digital infrastructure facilities. SWI Capital Holding Ltd., the parent company of SWI Group, is listed on Euronext Amsterdam under the ticker symbol 'SWICH' and has a market capitalisation of USD 3.3 billion.

SWI Group has effective control of Genesis Digital Assets, with a holding of more than 70% and access to 1.3 gigawatts of energised and approved grid capacity across 15 sites, including multiple hyperscaler-grade facilities in Texas. The company plans to transition the assets from cryptocurrency mining operations to support artificial intelligence and high-performance computing applications, expanding its combined transatlantic AI-ready digital infrastructure platform to more than 3.6 gigawatts.

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