Cango raises $75.5M as Bitcoin miner makes AI infrastructure pivot

The funding follows a $305 million Bitcoin sale and increases a key investor’s voting power to nearly 50%, as the company restructures its balance sheet amid sector volatility. source: https://cointelegraph.com/news/cango-raises-75-5m-in-equity-as-bitcoin-miner-pivots-toward-ai-infrastructure?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound