Cango Inc. closed a $65 million insider equity round and a $10 million convertible note deal on March 31 and April 1, 2026, respectively, bringing in fresh capital to fund its pivot toward artificial intelligence (AI) and energy infrastructure.
U.S.-Listed Bitcoin Miner Cango Closes $75M Financing Round for AI ExpansionThe company’s market capitalization stands at approximately $136.9 million with 346.35 million shares outstanding. Its 50-day moving average sits at $0.81 and its 200-day at $2.94, reflecting the depth of the selloff relative to where the stock traded through most of 2025. The fresh financing adds capital, but the share price signals investors are waiting on execution.
FAQ 🧭 What did Cango raise money for? Cango raised $75 million in combined equity and convertible note financing to fund AI infrastructure development and reduce debt through its EcoHash platform. Who invested in Cango’s latest round? Company insiders controlled by Chairman Xin Jin and Director Chang-Wei Chiu provided $65 million, while DL Holdings Group provided a $10 million convertible note. What is Cango’s Ecohash platform? EcoHash is Cango’s subsidiary focused on using Bitcoin mining site infrastructure to deliver flexible AI inference and distributed computing services. How much bitcoin has Cango mined? Cango mined 6,594.6 BTC in full-year 2025 and has cumulatively mined 7,528.4 BTC since entering the sector in late 2024.
