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Solowin Aims for 100 Megawatts of AI Power by 2028 Amid US Crypto Regulation Delays
Solowin Holdings, a fintech company based in Hong Kong, is planning to establish over 100 megawatts of artificial intelligence and high-performance computing capacity in the United States by 2028. This initiative comes as American lawmakers continue to delay legislation on digital asset regulation. The company's new division, AXG Digital, which is headquartered in Utah, was launched in August 2026 and aims to support significant enterprise AI workloads, addressing the growing demand for GPU computing.
The company has reported substantial growth, with nearly tenfold year-on-year revenue increase, reaching approximately $28 million for its fiscal year ending March 31, 2026. Solowin's strategy is based on a dual-pillar model that includes stablecoin issuance and real-world asset tokenization, alongside providing enterprise AI infrastructure through its KOVAR platform. The firm is also exploring development opportunities in regions with low electricity costs, including sub-Arctic areas that offer natural cooling advantages for data centers.
In addition to its US expansion, Solowin has secured a full license and Sharia certification for its stablecoin operations in Bahrain. The company has formed strategic partnerships, including a memorandum of understanding with EvolveQ for AI-quantum computing integration. However, the success of Solowin's ambitious plans hinges on securing necessary capital, timely construction, and long-term customer contracts, all while navigating the uncertain regulatory landscape in the United States.
Source: KLEA News