Solowin targets more than 100 megawatts of AI computing capacity by 2028

  • Solowin Holdings launched Utah-based AXG Digital to expand AI and computing infrastructure.
  • Revenue rose 895% to $28.05 million for the year ended March 31, 2026.
  • Solowin’s Bahrain stablecoin operations hold a full licence and Sharia certification.

Solowin Holdings, listed on Nasdaq as AXG, is targeting more than 100 megawatts of operational AI and high-performance computing capacity by 2028 through AXG Digital, its Utah-based US division launched in August 2026. The target forms part of a development pipeline exceeding 1 gigawatt across Europe, the United States and sub-Arctic markets, where modular facilities and lower-cost power or natural cooling can support compute-intensive operations. Revenue rose 895% to $28.05 million in the year ended March 31, 2026, with about 79% generated by enterprise AI infrastructure. Solowin’s strategy combines digital-asset tokens, including stablecoin issuance and real-world asset tokenization, with AI Tokens delivered through its KOVAR platform. Its Bahrain stablecoin business holds a full licence and Sharia certification, while the company has signed an AI-quantum computing memorandum of understanding with EvolveQ and previously worked with SC Ventures on AI-driven payments. The expansion remains dependent on financing, construction, customer contracts, power availability and regulatory developments.

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