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.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Is Bitcoin mispricing a prolonged Iran war? Ex-hedge fund manager weighs in
James Lavish warns Bitcoin holders that continued conflict in Iran could trigger inflation and market downturns. While Bitcoin may face further declines, he sees potential long-term opportunities. He discusses the impact of global economic pressures on investments.
Cointelegraph2m ago
Bitcoin Holds Steady Near $67K Amid Bullish and Geopolitical Tension
This weekend, Bitcoin ($BTC) has shown a steady performance in line with a blend of technical and geopolitical outlook. In this respect, Bitcoin ($BTC) is changing hands at $67K with significant support levels at $64K and $65K and notable resistance at $74K. As per the data from CRYPTO Damus, the
BlockChainReporter29m ago
Metaplanet Responds to JPX Regulatory Update Consultation: It Does Not Affect the Advancement of Its Bitcoin Strategy, With More Than 216,000 Japanese Shareholders Already Participating
Metaplanet CEO Simon Gerovich said he respects the decision by a Japanese exchange to delay the inclusion of cryptocurrency companies, and emphasized that the company will continue to pursue its Bitcoin strategy. Through the “Project Nova” project, it will help develop Japan’s Bitcoin ecosystem; it has already attracted more than 216k shareholders and will continue to communicate with all parties.
GateNews1h ago
Bitcoin facing quantum risk: The paths to protect the biggest blockchains
A quantum computer powerful enough to break the Bitcoin blockchain does not exist yet. However, developers have already begun discussing a wave of upgrades aimed at building a defensive layer against this potential threat — and that is completely well-founded, because this risk is no longer a purely hypothetical scenario.
TapChiBitcoin1h ago
Price predictions 4/3: BTC, ETH, BNB, XRP, SOL, DOGE, HYPE, ADA, BCH, LINK
Key points:
Buyers are attempting to maintain BTC above the $66,500 level, but several analysts believe that the $60,000 level may crack.
Some major altcoins risk breaking below their immediate support levels, signaling that bears remain in control.
Buyers are attempting to push an
Cointelegraph2h ago
Rich Bitcoin traders lost $337M daily in first quarter of 2026
Bitcoin (BTC) traders holding 100–10,000 BTC realized losses at an average of $337 million per day in Q1 2026, the worst quarter since 2022, according to data from Glassnode.
Key takeaways:
Bitcoin dropped more than 20% after whales last realized losses at a comparable pace in 2022.
Cointelegraph2h ago
