Bitcoin Mining Company Cango Completes $10.5 Million Equity Financing and Secures Additional $60 Million Investment Commitment

Odaily News New York Stock Exchange-listed Bitcoin mining company Cango announced the completion of a previously disclosed $10.5 million equity investment from Enduring Wealth Capital Limited (EWCL). The company also signed an agreement with entities wholly owned by its Chairman, Xin Jin, and Director, Chang-Wei Chiu, who have committed to invest a total of $60 million in the company. Cango stated it will use these funds to support its expansion into artificial intelligence and computing infrastructure, and to further strengthen its balance sheet. (PRNewswire)