Solowin targets 100 megawatts of AI power by 2028 as Congress stalls on crypto

While Congress remains stuck in a legislative holding pattern on crypto regulation, a Hong Kong-based fintech company is quietly building out a massive AI and computing infrastructure footprint on American soil. Solowin Holdings, which trades on NASDAQ under the ticker AXG, has set its sights on more than 100 megawatts of operational AI and high-performance computing capacity by 2028 through its new US division. That division, called AXG Digital, is headquartered in Utah and was launched in August 2026. To put 100 MW in perspective, that’s enough power to run roughly 80,000 homes, or more practically, enough to support a serious chunk of enterprise AI workloads at a time when demand for GPU compute is outstripping supply across the industry. From fintech firm to infrastructure play Solowin has a global development pipeline exceeding 1 gigawatt of potential capacity, spanning Europe, the US, and sub-Arctic markets. The company reported nearly 10x year-on-year revenue growth, reaching approximately $28 million for its fiscal year 2026, which ended March 31, 2026. The company’s strategy rests on what it calls a dual-pillar model. One pillar, “Digital Asset Tokens,” covers stablecoin i...