Wu said that 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). In addition, the company has signed a final agreement with Chairman Xin Jin and a wholly owned entity of Director Chang-Wei Chiu, who have agreed to make an additional total equity investment of $65 million. The subscription price for Class A common shares in this additional investment is $1.32 per share. Cango stated that it will use these funds to continue developing its integrated energy and AI computing platform business.
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Wu said that 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). In addition, the company has signed a final agreement with Chairman Xin Jin and a wholly owned entity of Director Chang-Wei Chiu, who have agreed to make an additional total equity investment of $65 million. The subscription price for Class A common shares in this additional investment is $1.32 per share. Cango stated that it will use these funds to continue developing its integrated energy and AI computing platform business.