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(RTTNews) – SWI Group (SWICH.AS) announced it has acquired a significant shareholding in Genesis Digital Assets for $500 million. Genesis Digital Assets (GDA) owns 1.3 GW of energized and approved grid connections, comprising 15 facilities, including several hyperscaler‑grade sites in Texas.
Upon closing, SWI Group will own approximately 77.2% of the preferred share class value and about 38.3% of the total equity. The transaction expands SWI Group’s combined transatlantic footprint to 3.6 GW of AI‑ready digital infrastructure capacity.
At the most recent close, SWI shares were trading at €6.00, up 5.26%.
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