SWI Compute launches with 3.6GW power bank, $1bn Nvidia order

European real estate investor SWI has launched SWI Compute, an AI cloud division backed by 3.6GW of secured power capacity across 24 sites in the US and Europe. The unit will deploy globally with a European focus, and its first large-scale site goes live in Cambridge, UK, by the end of 2027.

The Cambridge deployment starts at 30MW. It will host close to 7,000 Rubin GPUs and 3,500 Vera CPUs in Nvidia Vera Rubin NVL72 racks. That 30MW is the first phase of a UK campus planned to reach 530MW, with SWI targeting 2.3GW of Nvidia-focused capacity by 2029.

SWI became a Preferred Nvidia Cloud Partner in August and ordered approximately $1 billion of Nvidia systems. The company says it has already finalized contracts with its first customers.

What does this change for European AI capacity?

It converts one of the region's largest private power banks into GPU capacity. Energy, not hardware, is the constraint.

"Energy availability represents the primary bottleneck facing European AI infrastructure. Having spent six years acquiring grid access, SWI Group is now deploying these power resources into dedicated Nvidia AI factories through SWI Compute," said Halil Mirakhmedov, CEO of SWI Compute.

He added: "Just two months after joining the Nvidia Cloud Partner program, our team secured approximately $1 billion in advanced hardware orders and executed initial client contracts. The market continues to surpass available capacity, and we are rapidly expanding our footprint to fulfill this requirement."

Every SWI Compute site is built to Nvidia reference architectures. Future sites will be designed, built and operated to Nvidia's DSX AI Factory Platform requirements.

Nvidia endorsed the approach. "AI factories are essential infrastructure that turn regional energy into intelligence and economic opportunity," said Nico Caprez, Vice President, global AI infrastructure growth at Nvidia. "SWI Compute is putting Europe's energy to work for the ecosystem of AI natives, labs, universities, and enterprises. Built on Nvidia reference architectures and adopting Nvidia DSX for its next generation of AI factories, SWI Compute is building infrastructure that is productive, durable, and fungible – able to serve new customers and workloads and keep generating value for years to come."

Who is SWI?

SWI Group was formed last year from the merger of Stoneweg and Icona Capital, and trades on Euronext Amsterdam. It holds roughly €11 billion ($12.27bn) in assets under management.

The group has assembled its digital infrastructure position in stages:

• A data center fund and platform announced last year, including a stake in AiOnX
• AiOnX projects in Cambridge, near Dublin, Milan, Varde and Madrid; the Irish site is reportedly leased to Amazon
• The acquisition of cryptominer Genesis Digital Assets, rebranded SWI Digital, adding 15 crypto data centers in the US and Sweden with 1.3GW of available power for potential AI conversion

SWI announced plans for a GPU-as-a-service provider over the summer, though it shared few details at the time. It was previously set to invest in German cloud and data center firm Polarise, but backed out and instead provides financing only.

The group's Stoneweg Europe Stapled Trust (SERT), which combines Stoneweg European Real Estate Investment Trust and Stoneweg European Business Trust, is also assessing around ten industrial sites across four European countries for possible data center redevelopment.

The Cambridge project itself was announced in June 2025 and sits at Sutton-in-the-Isle in Cambridgeshire.

What is the strategy?

Vertical integration from grid connection to GPU, built on land and power acquired years before the AI demand surge.

"We started investing in land, power, and shell in 2020. SWI Compute is the final piece, providing fully integrated infrastructure for Nvidia AI factories. SWI Group is now a transatlantic, vertically integrated digital infrastructure company, from the grid connection to the GPU, and SWI Compute puts that capacity directly in the hands of the customers who need it most," said Max-Hervé George, founder and CEO of SWI Group.

For SWI's customers, the offer is simple: contracted Nvidia capacity in Europe without waiting in the grid queue. The 2027 Cambridge deadline and the 2.3GW target for 2029 now set the timeline against which those claims will be tested.