EcoHash has announced significant company developments, including institutional financing and management investment. According to ChainCatcher, the company has secured a $10.5 million investment from EWCL. Additionally, Chairman Xin Jin and Director Chang-Wei Chiu have agreed to contribute a total of $65 million in personal investments.
The company has established a wholly-owned subsidiary, EcoHash Technology LLC, in Dallas to serve as the global hub for its AI operations. Jack Jin, former head of Zoom's infrastructure, has been appointed as CTO to oversee the development of a large-scale GPU cluster management platform.
EcoHash has also taken steps to deleverage by adjusting its BTC holdings to repay loans, thereby strengthening its balance sheet. The company has converted some static assets into liquid funds, ensuring financial sustainability during its transition. This, along with the new financing, will support the development of AI computing infrastructure and software orchestration platforms.