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Bitcoin mining company Cango completes $10.5 million equity financing and receives an additional $65 million investment commitment
Deep Tide TechFlow News, February 12 — According to PR Newswire, the New York Stock Exchange-listed Bitcoin mining company Cango Inc. (NYSE: CANG) announced the completion of a previously disclosed equity investment of $10.5 million from Enduring Wealth Capital Limited (EWCL), and signed agreements with entities wholly owned by Chairman Xin Jin and Director Chang-Wei Chiu, who committed to invest a total of $65 million in the company.
Cango stated that it will use these funds to support its expansion into artificial intelligence and computing infrastructure, as well as to further strengthen its balance sheet.