Kango Raises $65 Million in Investment
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Kango (CANG), a New York Stock Exchange-listed Bitcoin mining company, has secured $65 million in funding, The Block reports. The investment will be made through entities wholly owned by Kango Chairman Xin Jin and Director Chang-Wei Chiu, who will acquire $65 million worth of Class A common stock. The acquisition is expected to close this month. Kango plans to use the funds to expand into artificial intelligence and computing.
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