Cango has clarified its "AI Distributed Computing Network" strategy and established its US subsidiary, EcoHash, to accelerate its transformation.

Cango has clarified its "AI Distributed Computing Power Network" strategy and established a US subsidiary, EcoHash, to accelerate its transformation. This company will focus on the AI ​​inference market, empowering small and medium-sized mining farms globally to create a highly flexible computing power grid platform. EcoHash Technology LLC, a wholly-owned subsidiary, has been established in Dallas, USA, specifically responsible for advancing its AI computing power business. Simultaneously, it welcomed its new CTO, Mr. Jack Jin (former head of infrastructure at Zoom), who will lead the team to leverage their deep expertise in ultra-large-scale GPU cluster management and elastic computing to drive the development of the technology foundation. The "AI Computing Power Integration Box" and "Plug and Play" solutions have passed feasibility verification through early demo projects, enabling rapid deployment of AI edge computing nodes in traditional mining farm environments without large-scale infrastructure overhauls. Cango also disclosed that it recently proactively adjusted its Bitcoin holdings. The core purpose of this operation was to repay Bitcoin mortgage loans, strengthen the company's balance sheet and reduce financial leverage, and convert some static assets into working capital to fully support AI computing power infrastructure and technology research and development, ensuring the company has sufficient "ammunition" and financial flexibility during the AI ​​computing power window.