#USA #Dallas #Bitcoin Mining #Cango Inc #Equity Investment

Cango Inc. Secures $75.5 Million in Equity Investments for Future Growth

Cango Inc. (NYSE: CANG), a prominent player in the Bitcoin mining sector, has recently announced significant financial backing totaling $75.5 million through a combination of equity investments. This strategic move is set to bolster the company's growth trajectory as it intensifies its focus on creating an integrated platform for energy and AI computing.

On February 12, 2026, the company declared that it successfully closed a $10.5 million equity investment from Enduring Wealth Capital Limited (EWCL). This marks a crucial step in its financing strategy aimed at expanding its operational capabilities. The investment agreement, initially announced on December 29, 2025, included the issuance of 7 million Class B ordinary shares to EWCL at $1.50 per share. Following this transaction, EWCL’s ownership of the company's total outstanding shares increased significantly, from approximately 2.81% to 4.71%, providing them with enhanced voting power of nearly 49.71%.

In a further demonstration of confidence in Cango's potential, Chairman Mr. Xin Jin and Director Mr. Chang-Wei Chiu committed to an additional $65 million in equity investments through their wholly-owned entities. These agreements contain substantial investments: Mr. Chiu’s Fortune Peak Limited is set to acquire 29,975,137 Class A ordinary shares for approximately $39.57 million. Concurrently, Mr. Jin’s Armada Network Limited will purchase 19,267,287 Class A shares for $25.43 million. The agreed purchase price stands at $1.32 per share, reflective of the preceding month’s closing prices, indicating a careful and deliberate approach to valuation.

Upon completing these transactions, it's anticipated that Mr. Chiu will hold about 11.99% of the total outstanding shares, coming with 6.71% voting power, while Mr. Jin will control 4.70% of shares with 2.63% in voting power. The final closure of these investments hinges on standard conditions and regulatory approvals, which are expected to finalize by February 2026.

Cango Inc. plans to utilize the capital from these investments to bolster its advancements in AI and computing infrastructure. This decision aligns with the company’s ongoing commitment to innovate and optimize its operational efficiency while reinforcing its financial stability.

As Cango continues to navigate the complexities of the Bitcoin mining landscape, this substantial infusion of capital highlights the confidence and determination of its leadership to leverage new technologies and fuel future growth. The strategic investments are not only a testament to the company's past performance but also reflect a promising outlook for its continuous evolution in the rapidly advancing digital and energy sectors.