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.

BTC4,29%
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin