Cango Secures $70.5 Million to Expand AI and Computing Infrastructure

Cango, a Bitcoin mining company listed on the New York Stock Exchange, has successfully completed a $10.5 million equity financing from Enduring Wealth Capital Limited. According to NS3.AI, the company has also secured an additional $60 million investment commitment from its Chairman and Director. These funds are intended to support Cango's expansion into artificial intelligence and computing infrastructure, as well as to enhance its financial stability.