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Cango Secures $10.5M Equity Investment as Bitcoin Mining and AI Strategy Expands...
30 Dec, 2025 10:44 252 min read
Bitcoin mining and digital infrastructure firm Cango Inc. has raised $10.5 million through an equity investment from Enduring Wealth Capital Limited (EWCL). In exchange for 7 million Class B shares with enhanced voting rights, EWCL will increase its voting power to nearly 50%, strengthening its influence over corporate governance. The funds will support Cango’s expansion in global Bitcoin mining, energy optimization, and AI computing infrastructure, following its recent transition into a pure-play digital asset company after selling its legacy China business.... More