Odaily Planet Daily reports that Canguo has clarified its “AI Distributed Computing Power Network” strategy and established a U.S. subsidiary, EcoHash, to accelerate its transformation. The company will focus on the AI inference market by empowering global small and medium-sized mining farms and building a highly flexible computing power grid platform. It has already established a wholly owned subsidiary in Dallas, USA, EcoHash Technology LLC, dedicated to advancing AI computing power business. At the same time, it has welcomed a new CTO, Mr. Jack Jin (former head of Zoom infrastructure), who will lead the team to leverage extensive experience in managing large-scale GPU clusters and elastic computing to drive the development of the technological foundation. The “AI Computing Power Integration Box” and “Plug and Play” solutions have been validated through preliminary demo projects, enabling rapid deployment of AI edge computing nodes in traditional mining environments without large-scale infrastructure renovations.
Canguo also disclosed that it has recently actively adjusted its Bitcoin holdings. The core purpose of this operation is to repay Bitcoin collateral loans, strengthen the company’s balance sheet, reduce financial leverage, and convert some static assets into liquid funds. This is to fully support AI computing infrastructure and technological R&D, ensuring the company has sufficient “ammunition” and financial flexibility during the AI computing window period.
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