Cango Inc. Secures $10.5 Million Investment from EWCL to Propel Growth

Cango Inc. Gains Significant Investment to Accelerate Growth

Cango Inc. (NYSE: CANG), a leading Bitcoin mining company, recently announced a strategic investment of $10.5 million from Enduring Wealth Capital Limited (EWCL). This decisive move aims to bolster Cango's growth initiatives as it strengthens its commitment to expand its integrated energy and AI computing platform globally.

The deal, announced on December 31, 2025, marks a significant boost for Cango as it continues to evolve within the digital economy landscape. EWCL plans to acquire additional class B common shares at a price of $1.50 per share, reinforcing its confidence in Cango's strategic direction. Under the investment agreement dated December 29, 2025, Cango will issue 7 million B shares to EWCL, allowing for enhanced voting power as their influence over total outstanding shares grows from 2.81% to 4.69%.

Paul Yu, Chief Executive Officer of Cango, expressed optimism about the investment, highlighting it as a strong endorsement of the company’s strategic roadmap. The increased stake from EWCL signifies their alignment with Cango's vision, enabling the firm to pursue its objectives with greater ambition and certainty.

Looking into the future, Cango plans to enhance its Bitcoin mining capabilities significantly. The focus will be on optimizing hash rate efficiency, upgrading mining machine fleets, and selectively acquiring strategic mining assets. Beyond core mining operations, the investment will also fuel parallel developments in energy and AI computing sectors—two pivotal areas Cango views as essential to building a comprehensive global infrastructure platform that supports the burgeoning digital economy.

As part of its growth strategy, Cango aims to explore and invest in synergies within these sectors, driving towards a future where it is capable of supporting a connected, digital-first world. The expected closing of the proposed investment is subject to standard regulatory approvals, including the New York Stock Exchange’s requirements, with completion anticipated for January 2026.

Given these developments, Cango is well-positioned to advance its strategic priorities while efficiently utilizing the capital raised through this investment. The firm remains dedicated to executing key initiatives throughout the upcoming year, further establishing its presence as a significant player in the Bitcoin mining landscape and the broader energy and AI sectors.

For investors and stakeholders, the partnership with EWCL not only enhances Cango’s financial foundation but also provides a clear pathway towards innovative advancements within the technological and energy sectors. Cango remains committed to delivering shareholder value, strategic growth, and sustainable solutions in mining and technology integration.

Conclusion

In conclusion, Cango Inc.'s acquisition of a $10.5 million investment from EWCL is a decisive step towards enhanced operational capabilities and positioning within the evolving digital landscape. With a strengthened focus on Bitcoin mining efficiency and investments in energy and AI, Cango is set to embark on a transformative journey that seeks to redefine the future of its operations and contributions to the global economy.