Bitcoin mining company Cango Inc. (NYSE: CANG) has completed a $10.5 million equity investment from Enduring Wealth Capital Limited (EWCL). Additionally, Cango has signed definitive agreements with entities wholly owned by Chairman Xin Jin and Director Chang-Wei Chiu for an additional $65 million equity investment. The subscription price for the Class A common shares in this additional investment is set at $1.32 per share. Cango plans to use the funds to further develop its integrated energy and AI computing power platform business.
Cango Inc. Secures $65 Million in Additional Equity Investment
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