SWI Buys Control of Bitcoin Company to Power AI

SWI Group bought control of Genesis Digital Assets, the Wall Street Journal reported Oct. 12, 2026. Genesis is a company registered in Cyprus that runs computers to earn bitcoin, backed by Sam Bankman-Fried’s $1 billion bet. It works for AI firms. I doubt its on-and-off sites can handle nonstop AI work. The power is real. So is the bill.