The plot thickens for the remnants of FTX’s investment portfolio. SWI Group, an investment firm, has successfully raised roughly $900 million to scale up its data center and AI computing footprint across Europe and the United States. The kicker? A massive chunk of this expansion involves Genesis Digital Assets—the crypto mining firm formerly backed by Sam Bankman-Fried. Back in the day, SBF had Alameda Research sink over $1 billion to snag a 20% stake in Genesis. Following the November 2022 bankruptcy implosion, that stake became a hot target for those trying to claw back funds for victims. Fast forward to now, and SWI Group has officially taken control, boosting its stake in Genesis to 70% as of August. They’ve even rebranded the operation to SWI Digital. According to SWI co-founder and CEO Max-Hervé George, all the messy legal drama surrounding the FTX ties is officially resolved, allowing the firm to fully pivot those mining facilities toward the AI boom. With 15 facilities and 1.3 gigawatts of capacity on the table, it’s a major move for the infrastructure side of the industry. Just a reminder: watching corporate pivot strategies is wild, but none of this is financial advice—keep your bags safe and do your own research.