Cango Inc. Completes US$65 Million Strategic Investment and Secures US$10 Million Convertible Note Financing to Strengthen Financial Position and Drive AI and Energy Expansion - Thailand PR News - [Banking](https://thailandbusinessnews.net/category/banking/) - [Companies](https://thailandbusinessnews.net/category/companies/) - [Economy](https://thailandbusinessnews.net/category/economy/) - [Press Releases](https://thailandbusinessnews.net/category/press-release/) - [PR Newswire](https://thailandbusinessnews.net/pr-newswire-updates/) - [Tech](https://thailandbusinessnews.net/category/tech/) - [Tourism](https://thailandbusinessnews.net/category/tourism/) - [Press Release](https://thailandbusinessnews.net/category/press-release/) # Cango Inc. Completes US$65 Million Strategic Investment and Secures US$10 Million Convertible Note Financing to Strengthen Financial Position and Drive AI and Energy Expansion ##### Up next ![LONGi Unveils LONGi ONE, Ushering in a New Era of Integrated Solar-Plus-Storage Systems](https://i0.wp.com/mma.prnasia.com/media2/2948089/LBBB3489.jpg?resize=200%2C110&ssl=1 "LONGi Unveils LONGi ONE, Ushering in a New Era of Integrated Solar-Plus-Storage Systems") [](https://thailandbusinessnews.net/press-release/longi-unveils-longi-one-ushering-in-a-new-era-of-integrated-solar-plus-storage-systems/) ###### [LONGi Unveils LONGi ONE, Ushering in a New Era of Integrated Solar-Plus-Storage Systems](https://thailandbusinessnews.net/press-release/longi-unveils-longi-one-ushering-in-a-new-era-of-integrated-solar-plus-storage-systems/) Published on 01 April 2026 ##### Author ##### [ CISION PRNewswire ](https://thailandbusinessnews.net/author/cision/) ##### Tags - [PRNewswire](https://thailandbusinessnews.net/tag/prnewswire/) ![](https://mma.prnasia.com/media2/2933411/Logo.jpg?p=medium600 "logo")DALLAS, April 2, 2026 /PRNewswire/ — Cango Inc. (NYSE: CANG), a leading Bitcoin miner leveraging its global operations to develop an integrated energy and AI compute platform, today announced two significant capital transactions: the closing of a US$65.0 million strategic investment from members of Company leadership, and the execution of a US$10.0 million convertible note financing agreement with DL Holdings Group Limited (HKEX: 1709) ("DL Holdings"), a Hong Kong-listed financial services group. The Company and DL Holdings have also entered into a memorandum of understanding ("MOU") establishing a strategic cooperation framework. **Closing of US$65.0 Million Strategic Investment** Pursuant to the definitive investment agreements previously announced on February 12, 2026, the Company issued and sold an aggregate of 49,242,424 Class A ordinary shares to two entities, each wholly-owned by Mr. Xin Jin, Chairman of the Company’s board of directors, and Mr. Chang-Wei Chiu, a director of the Company, respectively. The transaction closed on March 31, 2026, generating net proceeds equivalent to US$65.0 million, settled in USDT, reinforcing the Company’s capital structure and reflecting leadership’s confidence in its strategic direction. **US$10 Million Convertible Note Financing and Strategic Partnership with DL Holdings** The Company entered into a securities purchase agreement with DL Holdings. Pursuant to the SPA, the Company issued and sold to DL Holdings a US$10,000,000 convertible note and a warrant to purchase up to 370,370 Class A ordinary shares at an exercise price of US$2.70 per share. Proceeds are intended for upstream acquisitions and expansion into AI and computing infrastructure. The note matures on April 1, 2028, bears no interest (except upon default), and is convertible at US$1.62 per share beginning April 1, 2027. The warrant is exercisable immediately and expires on April 1, 2028. In addition, the Company entered into an MOU with DL Holdings, outlining a proposed strategic cooperation framework. Under the MOU, DL Holdings has expressed its intention to make one or more strategic investments along with the Company, with an aggregate potential value of up to US$10 million. The contemplated investments are intended to support the Company’s initiatives in cryptocurrency mining facilities and AI. These transactions are key steps in executing the Company’s previously disclosed financial strategy entering 2026: to strengthen its balance sheet, reduce leverage, and secure liquidity for its pivot toward AI infrastructure. Contact: [Source link ](http://www.prnasia.com/story/archive/4924847_AE24847_0?rand=89749) ``` This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network ``` ##### You May Also Like [](https://thailandbusinessnews.net/press-release/hyundai-motor-redefines-ev-mobility-with-ioniq-9-electric-suv-big-on-space-bigger-on-innovation/) ![Hyundai Motor Redefines EV Mobility with IONIQ 9 Electric SUV: Big on Space – Bigger on Innovation](https://i0.wp.com/r2.thailandbusinessnews.net/2024/11/Image_1__Hyundai_IONIQ_9.jpg?resize=260%2C140&ssl=1 "Hyundai Motor Redefines EV Mobility with IONIQ 9 Electric SUV: Big on Space – Bigger on Innovation") - [Press Release](https://thailandbusinessnews.net/category/press-release/) ## Hyundai Motor Redefines EV Mobility with IONIQ 9 Electric SUV: Big on Space – Bigger on Innovation Hyundai Motor tops its acclaimed IONIQ lineup with new three-row, all-electric SUV,… - [CISION PRNewswire](https://thailandbusinessnews.net/author/cision/ "View all posts by CISION PRNewswire") - November 21, 2024 [](https://thailandbusinessnews.net/press-release/jackery-makes-debut-at-climate-week-nyc-advancing-a-global-sustainable-future-through-green-technology/) ![Jackery Makes Debut at Climate Week NYC, Advancing a Global Sustainable Future Through Green Technology](https://i0.wp.com/r2.thailandbusinessnews.net/2025/09/Jackery_Makes_Debut_Climate_Week_NYC_Advancing_a_Global_Sustainable.jpg?resize=260%2C140&ssl=1 "Jackery Makes Debut at Climate Week NYC, Advancing a Global Sustainable Future Through Green Technology") - [Press Release](https://thailandbusinessnews.net/category/press-release/) - [Tech](https://thailandbusinessnews.net/category/tech/) ## Jackery Makes Debut at Climate Week NYC, Advancing a Global Sustainable Future Through Green Technology NEW YORK, Sept. 29, 2025 /PRNewswire/ — As global climate action moves… - [CISION PRNewswire](https://thailandbusinessnews.net/author/cision/ "View all posts by CISION PRNewswire") - September 29, 2025 [](https://thailandbusinessnews.net/press-release/cdnetworks-protects-leading-digital-content-platform-from-ai-driven-scraping-with-advanced-bot-defense/) ## CDNetworks Protects Leading Digital Content Platform from AI-Driven Scraping with Advanced Bot Defense Blocking an average of 10M+ malicious crawler requests daily, CDNetworks shields licensed… - [CISION PRNewswire](https://thailandbusinessnews.net/author/cision/ "View all posts by CISION PRNewswire") - February 26, 2026 ##### Most Read - [![Dragonpass: AI Is Shifting the Membership Economy from Perks Redemption to Personalized Experiences](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/dragonpass-ai-is-shifting-the-membership-economy-from-perks-redemption-to-personalized-experiences/ "Dragonpass: AI Is Shifting the Membership Economy from Perks Redemption to Personalized Experiences") [Dragonpass: AI Is Shifting the Membership Economy from Perks Redemption to Personalized Experiences](https://thailandbusinessnews.net/press-release/dragonpass-ai-is-shifting-the-membership-economy-from-perks-redemption-to-personalized-experiences/ "Dragonpass: AI Is Shifting the Membership Economy from Perks Redemption to Personalized Experiences") - [![Sumsub Agentic AI Council Launches in APAC and Invites Experts to Advance Trusted AI Adoption](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/sumsub-agentic-ai-council-launches-in-apac-and-invites-experts-to-advance-trusted-ai-adoption/ "Sumsub Agentic AI Council Launches in APAC and Invites Experts to Advance Trusted AI Adoption") [Sumsub Agentic AI Council Launches in APAC and Invites Experts to Advance Trusted AI Adoption](https://thailandbusinessnews.net/press-release/sumsub-agentic-ai-council-launches-in-apac-and-invites-experts-to-advance-trusted-ai-adoption/ "Sumsub Agentic AI Council Launches in APAC and Invites Experts to Advance Trusted AI Adoption") - [![HiBy Officially Unveils Cyberpunk 2077 Collaboration Products](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/hiby-officially-unveils-cyberpunk-2077-collaboration-products/ "HiBy Officially Unveils Cyberpunk 2077 Collaboration Products") [HiBy Officially Unveils Cyberpunk 2077 Collaboration Products](https://thailandbusinessnews.net/press-release/hiby-officially-unveils-cyberpunk-2077-collaboration-products/ "HiBy Officially Unveils Cyberpunk 2077 Collaboration Products") - [![Nel ASA: Receives purchase order from Collins Aerospace for US Navy stacks](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/nel-asa-receives-purchase-order-from-collins-aerospace-for-us-navy-stacks/ "Nel ASA: Receives purchase order from Collins Aerospace for US Navy stacks") [Nel ASA: Receives purchase order from Collins Aerospace for US Navy stacks](https://thailandbusinessnews.net/press-release/nel-asa-receives-purchase-order-from-collins-aerospace-for-us-navy-stacks/ "Nel ASA: Receives purchase order from Collins Aerospace for US Navy stacks") - [![Oracle Unveils Fusion Claw + Expands Agentic Applications: NYSE Content Update](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/oracle-unveils-fusion-claw-expands-agentic-applications-nyse-content-update/ "Oracle Unveils Fusion Claw + Expands Agentic Applications: NYSE Content Update") [Oracle Unveils Fusion Claw + Expands Agentic Applications: NYSE Content Update](https://thailandbusinessnews.net/press-release/oracle-unveils-fusion-claw-expands-agentic-applications-nyse-content-update/ "Oracle Unveils Fusion Claw + Expands Agentic Applications: NYSE Content Update") - [![Acer Announces Q2'26 Net Income at NT$2.17 Billion, Highest Quarter Post Pandemic; Up 100.2% Year-on-year](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/acer-announces-q226-net-income-at-nt2-17-billion-highest-quarter-post-pandemic-up-100-2-year-on-year/ "Acer Announces Q2'26 Net Income at NT$2.17 Billion, Highest Quarter Post Pandemic; Up 100.2% Year-on-year") [Acer Announces Q2'26 Net Income at NT$2.17 Billion, Highest Quarter Post Pandemic; Up 100.2% Year-on-year](https://thailandbusinessnews.net/press-release/acer-announces-q226-net-income-at-nt2-17-billion-highest-quarter-post-pandemic-up-100-2-year-on-year/ "Acer Announces Q2'26 Net Income at NT$2.17 Billion, Highest Quarter Post Pandemic; Up 100.2% Year-on-year") ##### Subscribe via Email Enter your email address to subscribe and receive notifications of new posts by email. Email Address Subscribe [](https://thailandbusinessnews.net/press-release/hotel-royal-hoi-an-the-legacy-by-the-river-named-vietnams-leading-riverfront-hotel-2026-at-the-world-travel-awards/) ![Hotel Royal Hoi An – The Legacy By The River named Vietnam's Leading Riverfront Hotel 2026 at the World Travel Awards](https://i0.wp.com/mmx.prnasia.com/media/MS1999389/20260930002128EDT_image_2.jpg?resize=260%2C140&ssl=1 "Hotel Royal Hoi An – The Legacy By The River named Vietnam's Leading Riverfront Hotel 2026 at the World Travel Awards") ## Hotel Royal Hoi An – The Legacy By The River named Vietnam's Leading Riverfront Hotel 2026 at the World Travel Awards HOI AN, Vietnam, Sept. 30, 2026 /PRNewswire/ — Hotel Royal Hoi An… [](https://thailandbusinessnews.net/press-release/eqt-to-sell-acuon-group-a-leading-korean-independent-financial-platform/) ## EQT to sell Acuon Group, a Leading Korean Independent Financial Platform EQT has agreed to sell Acuon Group to a consortium led by… [](https://thailandbusinessnews.net/press-release/superx-introduces-aiic-2-0-adding-model-as-a-service-maas-at-the-ai-innovation-centre-in-singapore/) ## SuperX Introduces AIIC 2.0, Adding Model as a Service (MaaS) at the AI Innovation Centre in Singapore Upgrade adds locally deployed model services at the AI Innovation Centre, which… [](https://thailandbusinessnews.net/press-release/priority-pass-celebrates-the-people-and-pioneers-shaping-the-future-of-airport-experiences/) ## Priority Pass Celebrates the People and Pioneers Shaping the Future of Airport Experiences 2026 Priority Pass Excellence Awards recognise three All Star of the Year…