Cangu Clearly Defines "AI Distributed Computing Power Network" Strategy, Establishes US Subsidiary EcoHash to Accelerate Transformation

Odaily News Cangu has clearly defined its "AI Distributed Computing Power Network" strategy and established a US subsidiary, EcoHash, to accelerate its transformation. The company will focus on the AI inference market, aiming to build a highly flexible computing power grid platform by empowering small and medium-sized mining farms globally. It has already established a wholly-owned subsidiary, EcoHash Technology LLC, in Dallas, USA, specifically responsible for advancing AI computing power business. Concurrently, the company welcomes its new CTO, Mr. Jack Jin (former Head of Infrastructure at Zoom), who will lead the team to leverage deep expertise in hyper-scale GPU cluster management and elastic computing to drive the development of the underlying technology foundation. The "AI Computing Power Integration Box" and "Plug-and-Play" solutions have passed feasibility verification through initial demo projects, enabling the rapid deployment of AI edge computing nodes in traditional mining farm environments without requiring large-scale infrastructure renovations.

Cangu also disclosed that it recently proactively adjusted its Bitcoin holdings. The core purpose of this move is to repay Bitcoin-collateralized loans, strengthen the company's balance sheet and reduce financial leverage, as well as to convert some static assets into liquid funds. This is to fully support AI computing power infrastructure construction and technology R&D, ensuring the company possesses sufficient "ammunition" and financial flexibility during the AI computing power window period.