SWI Group (SWICH.AS) announced the acquisition of a significant shareholding in Genesis Digital Assets for an aggregate consideration of $500 million. GDA holds 1.3 GW of energized and approved grid connections. The platform comprises 15 facilities, including multiple hyperscaler-grade sites in Texas.
Upon completion, the Group will hold approximately 77.2% by value of the $1.124 billion USD liquidation preference attaching to GDA's preferred share classes, and approximately 38.3% of the total shareholding. The acquisition gives SWI Group a combined transatlantic footprint of 3.6 GW of AI-ready digital infrastructure capacity.
At last close, SWI shares were trading at 6.00 euros, up 5.26%.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.