Mining Firm Cango Announces Completion of $10.5M Equity Financing

BlockBeats News, February 12th, according to PR Newswire, US-listed mining firm Cango Inc. (NYSE: CANG) announced the completion of a $10.5 million equity financing from Enduring Wealth Capital Limited (EWCL). Cango stated that it will use these funds to support its expansion into artificial intelligence and computing infrastructure, and further strengthen its balance sheet.