Cango Secures $75 Million Equity Investment Amid AI Growth Strategy

Cango has successfully raised $75 million in equity funding as it shifts focus towards artificial intelligence technology.

Cango, a prominent player in Bitcoin mining, has recently finalized a substantial equity round, raising $10.5 million in immediate funding. In addition to this, the company has garnered an impressive $65 million in further commitments, marking a significant pivot in its strategic direction towards artificial intelligence.