Techub News Report: Bitcoin mining company Cango announced the completion of a previously disclosed $10.5 million equity investment from Enduring Wealth Capital Limited (EWCL), and signed agreements with the entity 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, and to further strengthen its balance sheet.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Techub News Report: Bitcoin mining company Cango announced the completion of a previously disclosed $10.5 million equity investment from Enduring Wealth Capital Limited (EWCL), and signed agreements with the entity 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, and to further strengthen its balance sheet.