Crypto
Bitcoin miner Cango faces NYSE delisting risk, seeks way out with $75 million funding
Bitcoin mining company Cango has received a delisting warning from the New York Stock Exchange after its shares traded below $1. The company must lift both its closing price and 30-day average share price above $1 within six months. Cango also announced additional funding, including a $65 million strategic investment by management and $10 million raised via a convertible bond agreement with Hong Kong-listed DL Holdings.
