BlockBeats News, February 9th, according to official sources, Bitcoin mining firm Canaan has confirmed its "AI Distributed Computing Power Network" strategy. The company will focus on the AI inference market, empower global small and medium-sized mining farms, and build a highly flexible computing power grid platform.
To this end, Canaan has established a wholly-owned subsidiary, EcoHash Technology LLC, in Dallas, USA, to accelerate its transformation, specifically responsible for the advancement of AI computing power business. The newly appointed CTO, Mr. Jack Jin (former Head of Zoom Infrastructure), will lead the team, leveraging deep expertise in large-scale GPU cluster management and elastic computing to drive the development of the technical foundation.
Canaan stated that its "AI Computing Power Integration Box" and "Plug-and-Play" solution have passed the feasibility validation of the preliminary demo project, achieving rapid deployment of AI edge computing power nodes in traditional mining farm environments without major infrastructural renovation. The current business model has been flattened and has demonstrated significant profit potential. Next, efforts will be focused on building "model room" nodes and initiating the development of a software orchestration platform to consolidate its distributed computing resources in preparation for the next phase of scalability.
Based on its strategic focus, Canaan has recently proactively adjusted its Bitcoin holdings to repay Bitcoin-backed loans, strengthen the company's balance sheet, and reduce financial leverage. By converting some of its static assets into liquid funds, the company fully supports AI computing power infrastructure and technological development to ensure that it has ample "ammunition" and financial flexibility during the AI computing power window.
