Cracks in the crypto world? This top data center provider is spending $500 million to turn former cryptomining sites…
- AiOnX takes 77% share in US-based cryptocurrency miner
- The deal sees it take control of 15 data centers in the US and Sweden
- The $500 million acquisition sees it secure access to 1.3 Gigawatts of power, an increasingly scarce commodity for AI datacenters
AiOnX, a major data center infrastructure developer focused on hyperscalers across Europe, has taken a majority stake in the US-based cryptocurrency mining firm Genesis Digital Assets.
The transaction, valued at $500 million, sees its parent company, SWI Group, take a 77% stake in GDA, and gives it control over 15 cryptomining data centers across the US and Sweden - and perhaps more importantly, access to 1.3 Gigawatts of available power.
The agreement encompassing 15 data centers across North Carolina, South Carolina, and Texas, as well as two sites in Sweden.
A faster buildout with ready access to power
The move by SWI Group was reported by DataCenterDynamics...
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