Odaily Odaily reports that NYSE-listed Bitcoin mining company Cango announced the completion of two significant financing transactions. These include a $65 million strategic investment, issuing a total of 49,242,424 Class A ordinary shares to two entities wholly owned by Chairman Xin Jin and Director Chang-Wei Chiu. The transaction closed on March 31, with proceeds settled in USDT. Additionally, the company signed a securities purchase agreement with Hong Kong Stock Exchange-listed financial services group DL Holdings Group Limited, issuing $10 million in convertible notes and warrants for up to 370,370 Class A ordinary shares at an exercise price of $2.70 per share. (PRNewswire)
Cango announced it has secured $65 million in strategic investment and completed a $10 million convertible bond financing.
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