Question 1

Why is SWI selling Genesis Digital's Kazakhstan mines?

Accepted Answer

SWI is leaving bitcoin mining and repurposing Genesis Digital's US and Swedish sites for AI workloads.

Question 2

How much did SWI raise and what is the company worth?

Accepted Answer

SWI raised €800 million, about $894 million, from institutional investors at a €6.1 billion valuation.

Question 3

How was Genesis Digital connected to FTX?

Accepted Answer

Alameda Research, Sam Bankman-Fried's trading firm, put more than $1 billion into Genesis Digital from 2021 for about a 20% stake.

SWI Group

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