#USA #Dallas #Bitcoin Mining #Cango Inc. #EWCL

Cango Inc. Receives $10.5 Million from EWCL

Cango Inc. (NYSE: CANG), a prominent player in the Bitcoin mining industry, has made headlines with the announcement of a substantial investment boost. The company revealed that Enduring Wealth Capital Limited (EWCL) has committed $10.5 million to expedite its growth strategy. This infusion of capital underscores a shared vision for the future, offering vital support for Cango's core initiatives in the rapidly evolving field of Bitcoin mining.

On December 29, 2025, Cango reached a pivotal agreement with EWCL, allowing the company to issue 7 million Class B common shares at $1.50 per share. As a result of this transaction, EWCL's ownership stake in Cango is expected to increase from approximately 2.81% to 4.69% of the total outstanding shares, which enhances their voting rights from 36.68% to nearly 49.61%. This shift in power reflects a potent endorsement of Cango's strategic roadmap moving forward.

Paul Yu, the CEO of Cango Inc., expressed enthusiasm regarding the investment, stating, "The increased investment from EWCL is a powerful vote of confidence in our strategic roadmap. With a major shareholder who thoroughly understands our vision aligned with us, we can execute with more confidence and ambition."

As Cango paves its way into 2026, it plans to fortify its operational capabilities for Bitcoin mining. Key objectives include:

• - Enhancing hash rate efficiency for maximum production output.
• - Upgrading the mining fleet to leverage the latest in mining technology.
• - Carefully acquiring strategic mining resources to boost competitive positioning.

Beyond its core mining operations, the funding is poised to support Cango's parallel development in areas such as energy and AI computing. The company is proactive in exploring and investing in synergistic opportunities within these fields to construct a holistic, global infrastructure platform crucial for driving the future digital economy.

This investment's closure hinges on standard conditions, including necessary approvals from the New York Stock Exchange. Cango anticipates the deal will finalize in January 2026, which will strategically bolster the company's progress toward its objectives and provide the capital needed to fuel critical initiatives over the upcoming year.

With the Bitcoin market continuing to gain traction, Cango's strategic enhancements place it at the forefront of innovation and growth within the cryptocurrency landscape. As the digital economy expands, Cango's focus on sustainable growth and technological investment will be key to securing its position as a leader in the Bitcoin mining sector.

In conclusion, the infusion of $10.5 million from EWCL not only propels Cango's immediate growth ambitions but also aligns with its long-term vision of creating a sustainable, globally integrated platform to meet the demands of the evolving digital economy. With a clearly defined pathway and robust backing from key investors, Cango Inc. is set to navigate the complexities of the cryptocurrency landscape efficiently.