EcoHash announces latest company developments: completed $10.5 million investment delivery and established a wholly-owned subsidiary in Dallas to manage AI business

ChainCatcher News, EcoHash released the latest company updates, covering institutional financing and management share increases. Key points include:

• Management and Institutional Investment: The company has completed a $10.5 million investment settlement from EWCL; meanwhile, Chairman Mr. Xin Jin and Director Mr. Chang-Wei Chiu have signed agreements to make an additional total personal investment of $65 million.
• EcoHash US Subsidiary Established: The company has set up a wholly-owned subsidiary, EcoHash Technology LLC, in Dallas as the global engine for its AI business. At the same time, former Zoom infrastructure head Jack Jin has been appointed CTO, responsible for building the technical foundation for large-scale GPU cluster management.
• Deleveraging and Strengthening: By adjusting part of its BTC holdings to repay collateralized loans, the company has significantly strengthened its balance sheet.
• Securing Transformation Resources: By converting some static assets into liquid funds, together with the newly raised financing, the company has ensured sufficient funding for the transformation period, fully supporting the R&D of AI computing infrastructure and software orchestration platforms.