SWI Turns FTX’s Former Bitcoin Mining Infrastructure Toward AI Boom

SWI is redirecting infrastructure acquired from FTX’s former Bitcoin-mining operations toward AI computing, seeking to benefit from surging demand for data-center capacity. The pivot reflects a broader shift in which energy access and computing infrastructure can serve either Bitcoin mining or AI workloads. For Bitcoin, it could mean some mining capacity is repurposed rather than expanded, though the effect on network hashrate depends on how much equipment and power capacity actually leave mining.