Cango Inc. Completes Major Equity Investment to Expand AI and Computing Infrastructure

Cango Inc. Completes Major Equity Investment

Cango Inc. (NYSE: CANG), a leading player in the Bitcoin mining sector, has officially closed a $10.5 million capital investment and secured an impressive additional funding of $65 million. This move aims to bolster the company's operations in artificial intelligence and computing infrastructure, reflecting its strategic vision for the future.

Recent Developments

On February 12, 2026, Cango announced the closure of the previously reported $10.5 million capital investment led by Enduring Wealth Capital Limited (EWCL). This investment is a crucial part of the company’s ongoing efforts to enhance its global business operations.

As part of the investment agreement, EWCL acquired 7 million Class B ordinary shares at a price of $1.50 each, increasing its voting power from approximately 36.68% to nearly 49.71%, strengthening its influence within the company. These developments demonstrate solid confidence in Cango's strategic direction.

In a significant move to reinforce this trust, major shareholders, Mr. Xin Jin and Mr. Chang-Wei Chiu, finalized agreements for additional investments totaling $65 million. Mr. Chiu’s Fortune Peak Limited committed to purchasing 29,975,137 Class A shares, while Mr. Jin’s Armada Network Limited agreed to acquire 19,267,287 Class A shares at a predetermined price of $1.32 per share, based on the market closing price from the previous month.

Strengthening the Company’s Position

This influx of capital is not just a financial boost; it underlines a strategic pivot towards developing an integrated energy and AI platform that positions Cango at the forefront of the Bitcoin mining industry. The company plans to allocate these funds to sharpen its technological infrastructure and enhance its operational capabilities in artificial intelligence, which are crucial for optimizing mining efficiencies and reducing operational costs.

As part of the combined efforts, Mr. Chiu is anticipated to own about 11.99% of the company’s total outstanding shares, boosting his voting power to 6.71%, while Mr. Jin is expected to hold around 4.70% of the overall shares, with voting rights of 2.63%. Such changes signify a substantial recalibration of shareholder dynamics, paving the way for future business strategies and initiatives.

Future Prospects

Cango's commitment to expanding its AI and computing infrastructure comes at a pivotal moment as the demand for innovative solutions in the crypto mining sector continues to rise. By investing in advanced technologies, the company is not just keeping pace with industry developments but is also setting the stage for potential leadership in the evolving digital economy.

As the market continues to fluctuate, Cango Inc.'s strategic investments today will undoubtedly influence its long-term sustainability and growth. Stakeholders are watching closely to see how these investments unfold in the coming months, with expectations of increased performance and market relevance.

Conclusion

With its latest capital investments, Cango Inc. is not only reinforcing its foundation in the cryptocurrency landscape but is also signaling its ambition to become a leader in integrated AI solutions. This dual focus on mining capabilities and technological advancements exemplifies the company’s holistic approach to growth, resilience, and innovation in a highly competitive sector.