Preheat the oven to 350 degrees and grease a 10-inch bundt pan (or similar).
In a large bowl, combine the dry ingredients (flour, cocoa powder, sugar, salt, baking soda, baking powder).
Add the eggs, coconut milk, melted coconut oil, and vanilla extract to the dry ingredients. Mix with an electric mixer on medium speed for one minute, then add the boiling water and mix until combined.
Transfer the batter to the prepared bundt pan. Bake for 35 to 40 minutes, or until a cake tester inserted in the center comes out clean.
While the cake is cooling, prepare the ganache by heating the chocolate chips and the additional ¼ cup of coconut milk in a small pot over medium low until the chocolate is melted. Stir with a whisk while it’s melting.
Once the cake is cooled, drizzle it with the chocolate ganache and top with shredded coconut.