Fiat currencies
Crypto Currencies
No results for ""
We couldn't find anything matching your search.Try again with a different term.
Cango - Undisclosed
Overview
About Cango - Undisclosed
On December 30, Cango Inc. (NYSE: CANG) announced a $10.5 million investment from Enduring Wealth Capital Limited (EWCL). EWCL will buy 7 million Class B shares at $1.50 each, giving it 20 voting rights per share. The deal raises EWCL's ownership to 4.69% and voting power to 49.61%. Cango CEO Paul Yu said the funds will go toward Bitcoin mining upgrades, hash rate improvements, equipment updates, and strategic asset acquisitions. Bitcoin news outlets are closely tracking the move.
Company Profile / Project Introduction
Cango is mainly engaged in Bitcoin mining business, and its businesses are strategically deployed in North America, the Middle East, South America and East Africa. Driven by advances in blockchain technology, the growing popularity of digital assets and the company's commitment to diversified business portfolio, it entered the crypto assets field in November 2024.