SWI Group Sells Kazakhstan Bitcoin Mines to Repurpose for AI
SWI Group is divesting Genesis Digital's final Kazakhstan BTC mining facilities to fund AI infrastructure projects in the US and Sweden.
SWI Group is divesting Genesis Digital's final Kazakhstan BTC mining facilities to fund AI infrastructure projects in the US and Sweden. Bitcoin (BTC) is trading at $83,114.00, down 0.4% since this brief published. This is an original TLT brief based on reporting by Crypto Economy, with live market data added, as of Tue, 13 Oct 2026 17:15:02 UTC.
This divestment marks a strategic shift in the crypto mining landscape following the FTX collapse, reflecting a broader trend of repurposing energy infrastructure for AI as the industry evolves.
- SWI Group is selling Genesis Digital's last three Kazakhstan BTC mines.
- €800 million is being raised to convert US and Swedish sites into AI data centers.
- The move reflects post-FTX industry shifts and AI infrastructure growth.
SWI Group, the owner of Genesis Digital Assets, is selling the company's last three 
Bitcoin mining facilities in Kazakhstan. This divestment comes as the firm seeks to repurpose its energy infrastructure for artificial intelligence data centers.
The decision follows SWI Group's previous funding from the now-defunct FTX exchange, suggesting potential restructuring efforts in the wake of the crypto exchange's collapse. The company plans to raise €800 million to fund AI infrastructure projects in the US and Sweden.
This development is corroborated by multiple outlets, though Cryptopolitan specifically emphasizes the FTX connection, while Crypto Economy focuses on the energy infrastructure repurposing aspect. Both agree on the core divestment and fundraising details.
The Bitcoin network's current hashrate stands at 1000 EH/s with a difficulty of 132.7T, indicating a stable mining environment despite this divestment. The broader crypto market remains relatively flat, with Bitcoin trading at $83,473, up 0.82% in the last 24 hours.
The move reflects a broader trend of shifting resources from crypto mining to AI infrastructure, particularly as the industry adapts to post-FTX realities. Investors will likely watch how this divestment impacts SWI Group's financial position and its strategic pivot to AI.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from $83,473.00 to $83,114.00 — -0.43%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₦113.67M (about $83,114.00), up 0.7% over 24 hours. The naira itself trades about 2.7% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 13, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
SWI Group Sells Kazakhstan Bitcoin Mines to Repurpose for AI — questions & answers
Why is SWI Group selling Genesis Digital's Kazakhstan mines?
The company aims to raise €800 million to repurpose its energy infrastructure for AI data centers in the US and Sweden.
What is the connection between this divestment and FTX?
SWI Group previously received funding from FTX, suggesting the divestment could be part of post-FTX restructuring.
How does this affect the Bitcoin mining landscape?
The sale of these facilities represents a strategic shift in the mining industry, but the network's hashrate remains stable at 1000 EH/s.
How much is 1 Bitcoin worth in naira today?
About ₦113.67M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $83,114.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.43% since this brief first published — trading at $83,114.00 now versus $83,473.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Crypto Economy. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.