SWI Capital Holding Ltd, listed on Euronext Amsterdam under the ticker SWICH, has confirmed that more than 80% of its capital is now allocated to digital infrastructure following the completion of a controlling stake acquisition in Genesis Digital Assets, a move that marks the culmination of a strategic pivot the group says has been underway for five years.
**Controlling Stake in Genesis Digital Assets Secured
**SWI Group has finalized its acquisition of a controlling stake of over 70% in Genesis Digital Assets, a transaction in which Morgan Stanley and Co LLC acted as exclusive financial advisor.
Genesis Digital Assets will be renamed SWI Digital and will serve as the group's US-focused digital infrastructure platform. The deal was described by the company as pre-announced, and its completion now anchors the group's transatlantic infrastructure strategy, which spans a combined power capacity in excess of 4 gigawatts across European and American markets.
The acquisition was structured through a combination of acquisitions and restructuring and gives SWI Group what it describes as a scaled foothold in the United States, the world's largest and fastest-growing market for artificial intelligence and high-performance computing capacity.
SWI Digital brings with it an energised and grid-connected land bank that the group intends to deploy as part of a broader vertically integrated digital infrastructure strategy.
**A Transatlantic Platform Built Around Two Pillars
**SWI Group's digital infrastructure portfolio is organized around two distinct platforms operating on either side of the Atlantic. The first is AiOnX, the group's European AI infrastructure platform, which is developing a portfolio of hyperscale, AI-ready data center campuses across Ireland, the United Kingdom, Denmark, Spain and Italy. The company disclosed that one site has already been secured by a leading hyperscale tenant, though it did not name the tenant.
The second platform is SWI Digital, the newly renamed GDA entity, which provides the group's US presence. Together, the two platforms comprise the combined 4-gigawatt-plus capacity base that SWI Group is now positioning as the foundation for further expansion. The group has stated its intention to increase digital infrastructure's share of total capital allocation from the current levof el above 80% to above 90% over time.
**Moving Up the Value Chain into AI Compute
**Beyond land, power and data center capacity, SWI Group announced it is developing an in-house proprietary AI cloud platform designed to deliver GPU-accelerated compute services to enterprises, research institutions and AI developers. The group described this move as an effort to advance up the value chain into high-performance computing and GPU-as-a-service offerings.
The platform will leverage the energised sites held by both AiOnX and SWI Digital, combined with a high-performance computing layer to be built using the group's own team and balance sheet.
SWI Group characterized this combination as a vertically integrated digital infrastructure stack, one that the group says will allow it to capture value at each layer of the AI infrastructure chain, from underlying land and power through to compute delivery.
**Polarise Partnership Restructured into a Financing Arrangement
**The group also provided an update on its previously announced partnership with Polarise, disclosing that both parties have mutually agreed not to proceed with the originally proposed transaction structure.
Rather than acquiring a majority ownership stake in Polarise as initially envisioned, SWI Group will instead provide financing to support Polarise's strategic expansion. The two entities will remain separate and pursue their respective growth paths independently.
The company described the revised arrangement as a financial collaboration rather than a structural integration, representing a significant departure from the terms originally announced earlier this year.
**Growth Target Set for 2026
**SWI Group stated that it expects to deliver double-digit balance sheet growth in 2026. Co-founder and Chief Executive Officer Max-Hervé George said the group's transformation into a listed investment group provided it with what he described as balance sheet firepower and agility to back trends the group believes will define the next decade.
Co-founder Jaume Sabater, who also serves as Chief Executive Officer of Stoneweg, pointed to the group's listing on Euronext Amsterdam as a key enabler of its investment discipline, saying it has positioned the group to capture value at pace and at scale. Sabater described the completion of the controlling stake in Genesis Digital Assets as the clearest demonstration of the strategy to date.
**Diversified Holdings Retained Alongside Digital Focus
**Despite the pronounced tilt toward digital infrastructure, SWI Group confirmed that it continues to maintain a diversified portfolio of investments outside that sector.
These include European industrial and logistics real estate through SERT, an investment-grade vehicle listed on the Singapore Stock Exchange, and US multifamily residential exposure through Varia US, listed on the SIX Swiss Exchange.
The group also identified an emerging focus on culture, sport, and entertainment, describing these as sectors where it sees attractive investment opportunities ahead of what it characterized as institutional consensus.
A further component of the portfolio involves an opportunistic, asset-class-agnostic strategy that the group said encompasses distressed situations and financial assets across a range of markets.
SWI Group was formed through the merger of Icona and Stoneweg and is led by co-founders George and Sabater. It deploys capital across digital infrastructure, real estate and other private market opportunities and is listed on Euronext Amsterdam under the ticker SWICH.
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