Cango Closes $10.5M Equity Round, Secures $65M in Additional Commitments
Cango Inc. (NYSE: CANG) said it closed a previously announced US$10.5 million equity investment from Enduring Wealth Capital Limited (EWCL) and entered into definitive agreements for additional equity investments totaling US$65 million, including commitments from entities wholly owned by Chairman Xin Jin and director Chang‑Wei Chiu [1][3][4].
The company described itself as a leading Bitcoin miner that is leveraging global operations to develop an integrated energy and AI compute platform; the equity transactions were announced as part of that strategic positioning [1][4].
Separately, Cango sold 4,451 Bitcoin (approximately US$305 million) over the weekend and said the proceeds were used to reduce loan risk and to accelerate its pivot into AI infrastructure while continuing mining operations [6].
Cango’s recent financing and asset-sale activity combines fresh equity commitments and a large Bitcoin disposition as the company pursues an expanded energy and AI compute strategy alongside its mining business [1][6].
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- 6Cango offloads $305M in Bitcoin to fast-track AI infrastructure shiftcrypto.news• Feb 12, 2026
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