SoloWin Holdings ($AXG) Targets 100MW AI·HPC Infrastructure by 2028

SoloWin Holdings ($AXG) has outlined a goal to operate more than 100MW of AI and high-performance computing (HPC) infrastructure by 2028. The company is also expanding its stablecoin and real-world asset (RWA) tokenization businesses. SoloWin established AXG Digital in Utah, USA on August 26, 2026 to enter the AI/HPC infrastructure market. It has secured a development pipeline of over 1GW potential capacity across Europe, the US, and Arctic regions, with plans to operate more than 100MW by 2028. However, the 1GW figure represents an aggregate of various projects at different stages—land acquisition, permits, construction, commercialization, and funding—not a confirmed data center capacity. The company divides its operations into 'Digital Asset Tokens' for stablecoin issuance, payments, and RWA tokenization, and 'AI Tokens' centered around its enterprise AI infrastructure platform KOVAR.

SoloWin launched its enterprise large language model (LLM) gateway KOVAR AI in February 2026, followed by the integrated KOVAR Cloud and KOVARouter platforms for accessing, paying for, managing permissions, and routing multiple AI models in March 2026. The company reported $28.05 million in revenue for the fiscal year ending March 31, 2026—a significant increase from $2.82 million the previous year—but also noted a 56% rise in net loss to $13.29 million. Top five customers accounted for approximately 74% of revenue, all related to AI infrastructure services.

The company secured a stablecoin issuer license from Bahrain's Central Bank on June 1, 2026, through its subsidiary AX Coin Bahrain, enabling the issuance, minting, distribution, and redemption of reserve-backed stablecoins. RWA tokenization—representing physical assets like real estate or bonds as blockchain tokens—is positioned as a key feature within the Digital Asset Tokens division alongside stablecoin operations.

US virtual asset legislation remains pending final approval, with the Senate Democratic Caucus scheduled to vote on H.R.3633 (Digital Asset Market Clarity Act) on September 15. The company emphasized that both its AI infrastructure and stablecoin ventures are in early stages, with outcomes dependent on regulatory changes, commercial partnerships, funding, and customer acquisition.