Cango Inc. Expands Investment Portfolio with $10.5 Million from EWCL to Boost Growth Initiatives

Cango Inc. Secures $10.5 Million Investment from EWCL

DALLAS, Dec. 30, 2025 — Cango Inc. (NYSE: CANG), a prominent player in the Bitcoin mining sector, has disclosed a significant investment deal with Enduring Wealth Capital Limited (EWCL). This partnership sees EWCL investing $10.5 million, reinforcing its conviction in Cango's future and strategic direction.

Investment Details

Under the Investment Agreement established on December 29, 2025, the funds will be raised through the issuance of 7 million Class B ordinary shares to EWCL at a price of $1.50 per share. Following this transaction, EWCL’s ownership stake in Cango is projected to increase from approximately 2.81% to 4.69% of the total shares. This move also reflects a substantial uptick in voting power, climbing from about 36.68% to 49.61%.

CEO's Comments

Paul Yu, the CEO and Director of Cango, expressed enthusiasm about the investment, recognizing it as a robust endorsement of the company's strategic roadmap. Yu stated, “This increased investment from EWCL is a powerful vote of confidence in our strategic roadmap. The strengthened alignment with a major shareholder who thoroughly understands our vision enables us to execute with greater certainty and ambition.”

Future Growth Strategies

The capital infusion is expected to accelerate Cango’s core growth initiatives, which include enhancing Bitcoin mining operations. The company aims to improve its hashrate efficiency and upgrade its mining fleet while strategically acquiring new mining assets. Furthermore, the investment will support ongoing developments in energy and AI compute, as Cango looks to extend its footprint in these growing sectors.

Long-term Vision

Cango’s long-term objective is to create an integrated, global infrastructure platform that can fuel the future digital economy. The company is actively seeking synergistic opportunities to fortify its strategic pillars. Yu indicated that the firm’s focus for the upcoming year would center on optimizing the operational capabilities of its Bitcoin mining activities while also delving into energy and AI technologies.

Closing Conditions

The completion of this investment hinges on customary closing conditions, including necessary approvals from the New York Stock Exchange. Cango anticipates finalizing the deal by January 2026, aligning with its strategic priorities and capitalizing on the momentum built through this substantial investment. With this progressive step, Cango sets the stage for formidable growth in the rapidly evolving cryptocurrency market.

For investor relations inquiries, Juliet Ye, Head of Communications at Cango Inc., can be contacted via email or through Christensen Advisory for any further information regarding this investment agreement.

Conclusion

Cango’s commitment to boosting its operations through this significant investment from EWCL demonstrates its ambition to remain a leading force in the Bitcoin mining domain while also expanding into energy and AI platforms. Their strategic approach reflects a clear vision for future developments in facilitating the digital economy.

By harnessing this investment and focusing on technological improvements, Cango Inc. is poised to make impactful strides in the industry over the next year. The collaboration with EWCL highlights their determination to scale operations effectively and position the company for long-term success.