SWI Raises €800M to Expand AI Infrastructure Across Europe and US
SWI Raises €800M to Accelerate AI Infrastructure Growth SWI Group has raised €800 million from institutional investors to expand its artificial intelligence infrastructure. The Amsterdam-listed investment holding company reported a The post SWI Raises €800M to Expand AI Infrastructure Across Europe and US appeared first on Ventureburn .
SWI Group has raised €800 million from institutional investors to expand its artificial intelligence infrastructure across Europe and the United States. The Amsterdam-listed investment holding company, valued at €6.1 billion, plans to allocate the proceeds to power infrastructure, computing equipment, and data centre development.
The financing, which involves several series of ordinary shares, increases the company’s outstanding shares to approximately 558.4 million and its free float to around 20%. This expansion builds on SWI's acquisition of control of Genesis Digital Assets, a Bitcoin mining business that SWI plans to repurpose for AI and high-performance computing.
The company is targeting major cloud providers and intends to offer its Swedish infrastructure to potential customers.
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