Cango Inc. Secures $10.5 Million to Boost AI and Bitcoin Mining Operations
Cango Inc. announced a US$10.5 million capital injection from Enduring Wealth Capital Limited. The funds will be used to enhance hashrate efficiency, upgrade mining hardware, and expand operations.
Additionally, Cango plans to leverage its energy infrastructure for AI compute platforms. CEO Paul Yu stated the investment validates their strategic roadmap, supporting both core mining capabilities and parallel development in energy and AI. The transaction is subject to regulatory approval and is expected to close in January 2026.