Ursalpha Digital to acquire PRC business from Cango for $352m.

Ursalpha Digital, a company specializing in providing scalable artificial intelligence computing solutions, agreed to acquire PRC business from Cango, a bitcoin mining business, for $352m. The Company announced on March 14, 2025 that it received a preliminary non-binding letter of intent from Enduring Wealth Capital Limited, which proposed the acquisition of control of the Company by EWCL and the disposal of the Company's PRC Business to a buyer introduced by EWCL. Execution of the agreements with the Purchaser is a major step taken by the Company in response to the Letter of Intent and has been approved by the Company's special committee formed to assess and consider the transactions proposed by the Letter of Intent as well as the Company's board of directors.