SWI Group carried out an €800 million capital increase for its AI infrastructure

SWI Group, under the umbrella of SWI Capital Holding, which is listed on Euronext Amsterdam, announced on October 12, 2026 that it had completed an €800 million capital increase with institutional investors. According to the company’s statement, the transaction was completed at a final valuation of €6.1 billion. The group’s aim is to use this funding to grow its AI infrastructure and computing platform spanning both sides of the Atlantic.

Details of the transaction

The capital increase was carried out through new ordinary shares issued by SWI Capital Holding Ltd. in several series. As a result, the company’s total share capital reached 558,399,385 ordinary shares. According to the company, this transaction pushed the equity raised since March 2026 above €1 billion.

SWI says the increase significantly strengthens its balance sheet. According to the company, the new funding provides additional financial capacity to execute its growth strategy at scale, including AI investments and increasing its stake in existing investments. The transaction also broadens its institutional shareholder base and raises the company’s free float to approximately 20 percent.

The announcement noted that certain investors were granted options on their shares, and that these options are tied to equity market milestones. The company also emphasized that the disclosure may constitute inside information under the European Union Market Abuse Regulation, which obliges publicly listed companies to disclose inside information to the public.

Where the proceeds will go

According to the company, the proceeds will be used to develop and expand the group’s data center and AI computing capacity. This includes energy infrastructure, computing installations, and its development pipeline on both sides of the Atlantic.

Founder and CEO Max-Hervé George summed up the transaction as “keeping pace with the computing and data center markets.” George said they have a clear strategy, a strong project pipeline, and a solid position in Europe and the US; he added that they are pleased to welcome new investors who share their long-term goal.

Second major step since March

The October transaction followed the €260 million private placement announced on March 20, 2026. At that time, SWI had signed binding agreements with founder and majority shareholder Max-Hervé George and existing investor Aliya Fund Limited. The placement was split equally between the two investors, and the subscription price per share was set at €5.20.

The company’s March announcement stated that part of the proceeds would be used to finance the acquisition of a significant stake in a US data center company; the plan was first made public on February 24, 2026. In an August announcement, SWI and Polarise mutually agreed not to complete the initially planned transaction. Instead of taking a majority stake in Polarise, SWI will provide financing to accelerate the company’s growth, and the two entities will remain separate. The group expects double-digit balance sheet growth in 2026.

The €800 million in fresh funding once again shows how critical computing capacity is as a competitive battleground in the AI race. How quickly the company will deploy the project pipeline it has announced will become clear in the coming quarters.

Source: Unite.AI