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Bitcoin miner Cango said it closed a previously announced $10.5 million equity investment from Enduring Wealth Capital Limited and entered into agreements for an additional $65 million in equity financing from entities owned by Cango chairman Xin Jin and Chang-Wei Chiu, a director of the company.
According to Thursday’s announcement, the $10.5 million investment was completed through the issuance of seven million Class B shares priced at $1.50 each. The shares carry 20 votes per share, increasing…
