SWI Group has accelerated a major strategic shift toward digital infrastructure, with more than 80% of its capital now allocated to a transatlantic portfolio exceeding 4 GW of power capacity and plans to push that allocation above 90% over time.
The listed investment group also confirmed completion of its previously announced acquisition of a controlling stake of more than 70% in Genesis Digital Assets.
Genesis Digital Assets is expected to be renamed SWI Digital and serve as the group’s primary U.S.-focused digital infrastructure platform.
Morgan Stanley acted as exclusive financial advisor to SWI Group on the acquisition.
The move significantly increases SWI Group’s exposure to data centers, artificial intelligence infrastructure and high-performance computing.
The company said it expects double-digit balance-sheet growth in 2026 as it increasingly deploys its own capital into high-growth private market opportunities.
SWI Group has been investing in digital infrastructure for approximately five years and has assembled a portfolio across Europe and the U.S. with combined power capacity exceeding 4 GW.
Its digital infrastructure strategy is now centered on two major platforms.
AiOnX is SWI Group’s European AI infrastructure platform.
It is developing hyperscale, AI-ready data center campuses in Ireland, the U.K., Denmark, Spain and Italy.
One AiOnX location has already been secured by what SWI described as a leading hyperscale tenant.
SWI Digital, formerly Genesis Digital Assets, will provide the group’s principal U.S. platform.
The business controls energized and grid-connected land intended to support expansion in AI and high-performance computing capacity.
SWI Group is also planning to move beyond owning land, power and data center capacity and into AI compute itself.
The company intends to develop an in-house AI cloud platform providing GPU-accelerated computing services to enterprises, research institutions and artificial intelligence developers.
By combining data center sites and access to power with its planned high-performance computing layer, SWI Group aims to build a vertically integrated digital infrastructure stack.
The strategy could give the group exposure to multiple layers of AI infrastructure, from powered land and facilities through computing hardware and GPU-based services.
SWI Group has also revised its previously announced relationship with Polarise.
Rather than completing the planned transaction under which SWI would have acquired majority ownership of Polarise, the companies will remain separate.
SWI instead plans to provide financing to support Polarise’s founders as they reorganize the company’s corporate structure and development.
Despite its increased concentration on digital infrastructure, SWI Group will continue maintaining investments in other areas.
Those include European industrial and logistics real estate through SERT, U.S. multifamily housing through Varia US, culture, sports and entertainment, and opportunistic investments across distressed situations, financial assets and other markets.
The broader shift follows SWI Group’s formation through the combination of Icona and Stoneweg and its listing on Euronext Amsterdam.
KEY QUOTES:
“Our transformation into a listed investment group gave us the balance-sheet firepower and the agility to back the trends we believe will define the next decade. Digital infrastructure sits at the heart of that conviction, and the creation of SWI Digital is a defining step for the Group.”
Max-Hervé George, Co-Founder and CEO of SWI Group
“Listing on Euronext Amsterdam has allowed us to focus on investing our own balance sheet with discipline and conviction. It positions the Group to capture value at pace and at scale. Completing our controlling stake in GDA is the clearest demonstration of this strategy to date.”
Jaume Sabater, Co-Founder of SWI Group and CEO of Stoneweg
