SWI Group raises €800 million at €6.1 billion valuation for AI compute push

What the capital increase involves

According to the company, the €800 million is being raised through the issuance of new ordinary shares in several series. The move lifts SWI Group's total share capital to 558,399,385 ordinary shares.

SWI says the transaction brings the total equity it has raised since March 2026 to over €1 billion. The company describes the deal as a major milestone in its transformation and says it provides substantial additional equity capital.

The release also notes that certain investors are granted options in relation to their shares, conditional on ECM milestones. It gives no further detail on the terms of those options.

Where the money will go

SWI Group says the proceeds will support the development and scaling of its data center and AI compute capacity. The company names power infrastructure, compute deployments and the execution of its development pipeline on both sides of the Atlantic as areas of spending.

The company also says the additional financial capacity will let it carry out its growth strategy at scale. That includes further investment into AI and increasing its stake in existing investments. According to SWI, the capital increase materially strengthens its balance sheet.

Max-Hervé George, Founder and Chief Executive Officer of SWI Group, framed the raise in terms of the market it serves. "This transaction is about keeping up to speed with the compute and data center markets," he said, adding that the company has "a clear strategy, a substantial pipeline and a strong position across Europe and the United States."

Shareholder base and liquidity

The deal also changes the make-up of SWI's investor group. The company says it broadens its institutional shareholder base and enhances market liquidity. The free float rises to approximately 20% of the share capital.

George said the company is pleased to welcome new investors "who share our long-term ambition for the Group."

About SWI Group and what it means

SWI Capital Holding Ltd. is the holding company of SWI Group and is listed on Euronext Amsterdam under the ticker SWICH. The company describes the Group as a global digital investment platform with long-term holdings across digital infrastructure as a core.

For the market, the announcement is another sign of capital moving into the physical layer behind AI, namely data centers, power and compute. Based on the release, SWI intends to use the funds to consolidate and expand a transatlantic platform rather than a single-region footprint. The release does not give specific project sites, capacity figures or timelines, so the pace of the build-out remains to be seen.

The company notes that the press release contains information which is or may constitute inside information under the Market Abuse Regulation (EU) 596/2014.