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8 stories in this section
Character.AI Files for Chapter 11 as Disney Makes $20 Million Opening Bid
Character.AI has filed for Chapter 11 bankruptcy and is seeking a court-supervised sale, with Disney offering $20 million as the opening bidder. The app remains online for now, but the company says it will be shut down if no buyer commits to continuing the service.
FTX-linked crypto mining business to support SWI’s $900 million AI expansion
SWI Group has raised about $900 million to expand AI and data-center capacity in Europe and the United States, incorporating a mining business formerly linked to FTX. SWI says it now controls 70% of Genesis Digital Assets, renamed SWI Digital.
SWI Group raises $894 million to convert former FTX bitcoin miner into AI data centers
SWI Group has raised 800 million euros, or $894 million, to transform the former FTX-backed Genesis Digital Assets from a bitcoin miner into an AI-focused data-center business, retaining facilities in the U.S. and Sweden while selling sites in Kazakhstan.
Celsius estate files $495 million lawsuit against BitMEX over 2020 liquidations
Celsius’s bankruptcy estate is suing BitMEX for $495 million over alleged fraud, market manipulation and wrongful liquidations during Bitcoin’s March 2020 market turmoil. The complaint says losses exceeded 6,360 BTC.
