SWI Group Secures Major Investment to Scale Up Artificial Intelligence Data Centres
Amsterdam, Monday 12 October 2026
Amsterdam-listed SWI Group has secured €800 million to expand its transatlantic artificial intelligence infrastructure, pushing the firm’s overall valuation to €6.1 billion following a series of massive capital raises.
Institutional Backing and Equity Capital Structuring
The €800 million institutional capital increase, announced on 11 and 12 October 2026, marks a significant milestone for SWI Group (Euronext Amsterdam: SWICH, ISIN: SGXPZ11CH7U7) [1][2]. Executed through the issuance of new ordinary shares across multiple series, the transaction elevates the company’s total share capital to 558,399,385 ordinary shares and expands its public free float to approximately 20% [1][2][3]. The substantial valuation of €6.1 billion highlights growing institutional appetite for listed vehicles capable of executing physical digital infrastructure developments required to power artificial intelligence (AI) models [1][2][3].
Consolidating Capital Since early 2026
This latest transaction brings the total equity capital raised by SWI Group since March 2026 to more than €1 billion [1][2][3], or a cumulative total of 1060 million across its primary equity raises [2]. Previously, on 20 March 2026, the firm completed a €260 million private placement split equally between founder Max-Hervé George and Aliya Fund Limited at €5.20 per share [2]. Those funds were earmarked for general corporate purposes and the acquisition of a stake in US data centre company ‘TargetCo’, a strategic move initially disclosed on 24 February 2026 [2]. Under the terms of the October 2026 expansion, specific institutional investors have also been granted conditional share options tied directly to Equity Capital Markets (ECM) milestones [1][3].
Strategic Transatlantic Infrastructure Pipeline
The capital injection will primarily fund the scaling and consolidation of SWI Group’s transatlantic data centre footprint and compute resources across Europe and the United States [1][2][3]. This capital allocation follows a broader strategic shift announced on 25 August 2026, when SWI Group committed to directing over 80% of its capital toward a transatlantic platform with a targeted capacity exceeding 4 gigawatts (GW), with ultimate intentions to push that threshold past 90% [2]. The strategy involves expanding data centre capacity, securing power infrastructure, deploying heavy GPU compute, and growing existing equity holdings [1][2][3].
Deploying Hyperscale Compute and AI-Cloud Services
To solidify its presence in the United States, SWI Group completed the acquisition of a majority stake exceeding 70% in Genesis Digital Assets, subsequently rebranded as SWI Digital, with Morgan Stanley & Co LLC serving as exclusive financial advisor [2]. In Europe, the firm’s platform, AiOnX, is actively developing hyperscale AI-ready data centres across key regions including the UK, Ireland, Denmark, Spain, and Italy, with one location already secured by a major hyperscale tenant [2]. Although a proposed majority acquisition of Polarise was terminated in favour of providing non-consolidated growth financing, SWI Group expects double-digit balance sheet growth in 2026 as it integrates AiOnX and SWI Digital to build out a proprietary GPU-accelerated AI-cloud platform for enterprise clients and developers [2].