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)
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