[Cango Defines 'AI Distributed Computing Power Network' Strategy, Establishes U.S. Subsidiary EcoHash to Accelerate Transformation] Odaily Planet Daily News - Cango has defined 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, empowering small and medium-sized mining farms globally to build a highly flexible computing power grid platform. It has already set up a wholly-owned subsidiary, EcoHash Technology LLC, in Dallas, USA, specifically responsible for advancing its AI computing power business. At the same time, the company has welcomed its new CTO, Mr. Jack Jin (former Head of Infrastructure at Zoom), who will lead the team in leveraging extensive experience in large-scale GPU cluster management and elastic computing to drive the development of the technical foundation. The 'AI Computing Power Integration Box' and 'Plug-and-Play' solutions have passed feasibility verification through early demo projects, enabling the rapid deployment of AI edge computing power nodes in traditional mining farm environments without requiring large-scale infrastructure renovations. Cango also disclosed that it has recently adjusted its Bitcoin holdings proactively. The primary purpose of this operation was to repay Bitcoin-backed loans, strengthen the company's balance sheet, reduce financial leverage, and convert some static assets into liquid funds. This move is aimed at fully supporting AI computing power infrastructure and technology R&D, ensuring the company has sufficient 'ammunition' and financial flexibility during the AI computing power window of opportunity.