Odaily Planet Daily reports that the Bitcoin mining company Cango listed on the New York Stock Exchange has announced the completion of a previously disclosed equity investment of $10.5 million from Enduring Wealth Capital Limited (EWCL), and has signed agreements with the entity wholly owned by Chairman Xin Jin and Director Chang-Wei Chiu, who have 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. (PRNewswire)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Investment: Data Shows No Profit for 3+ Years
Bitcoin (CRYPTO: BTC) has long carried a reputation for punishing late entrants, with double-digit drawdowns that test even patient investors. Yet a closer look at cycle-era history suggests that time, not timing, often determines whether red ink becomes green in the long run. Across
CryptoBreaking27m ago
CleanSpark Sells 553 BTC for $36.6M in February as Miners Dump Bitcoin
Bitcoin (CRYPTO: BTC) miners faced a dual dynamic in February: cash-flow optimization through asset sales alongside aggressive capacity expansion to support AI-enabled data-center workloads. CleanSpark reported selling 553 BTC from its February production for roughly $36.6 million while mining 568 B
CryptoBreaking3h ago
