Chainfir Capital flags grid connections, not bitcoin rigs, as scarce asset in AI infrastructure shift

Chainfir Capital flagged SWI Group’s EUR 800 million raise at a EUR 6.1 billion valuation as a bet on AI data-center power access. SWI is repurposing Genesis Digital Assets into an AI-infrastructure landlord, prioritizing grid connections over bitcoin mining capacity. The analysis cited more than 1.3GW of energized or approved grid connections, rising above 3.6GW when combined with AiOnX. It highlighted execution risk, citing no disclosed hyperscaler leases, no live AI capacity, no conversion timeline despite the capital raise. Chainfir said repriced assets only matter if they convert into contracted revenue, framing signed leases as the key catalyst. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Chainfir Capital published the original content used to generate this news brief on October 13, 2026, and is solely responsible for the information contained therein. (C)