Cango announces $65 million strategic investment and completes $10 million convertible bond financing

Odaily · 2026-04-01T21:35:59+00:00

The Bitcoin mining company Cango listed on the New York Stock Exchange has completed two financing transactions: a $65 million strategic investment issuing shares to the chairman and another director, and an agreement with DL Holdings to issue $10 million convertible notes and warrants.

Odaily

2026-04-01 21:35:59

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Odaily Planet Daily reports that the NYSE-listed Bitcoin miner Cango has announced the completion of two major financing transactions, including a $65 million strategic investment. The company issued a total of 49,242,424 Class A ordinary shares to the chairman Xin Jin and director Chang-Wei Chiu, each wholly controlled by them. The transaction was completed on March 31, with the proceeds settled in USDT. Additionally, the company signed a securities purchase agreement with DL Holdings Group Limited, a financial services group listed on the Hong Kong Stock Exchange, to issue a convertible note with a principal amount of $10 million and warrants to purchase up to 370,370 Class A ordinary shares, with an exercise price of $2.70 per share. (PRNewswire)

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