Cango Inc. Secures $10.5 Million from EWCL to Accelerate Growth Strategies

Cango Inc. Secures $10.5 Million Investment to Propel Growth

Cango Inc. (NYSE: CANG), a prominent player in the Bitcoin mining sector, has recently received a notable investment of $10.5 million from Enduring Wealth Capital Limited (EWCL). This financial commitment is aimed at accelerating Cango's growth trajectory and enhancing its operational capabilities in the burgeoning cryptocurrency market.

Investment Details

On December 29, 2025, Cango announced that EWCL would invest in the company by acquiring additional Class B common shares at a price of $1.50 per share in cash. As per the investment agreement, Cango will issue 7 million Class B common shares, each carrying 20 votes per share, to EWCL. This infusion of capital indicates a robust alignment of vision toward Cango's strategic goals and will facilitate the rapid advancement of its key growth initiatives.

Following the completion of this investment, EWCL's ownership in Cango is expected to increase from approximately 2.81% to about 4.69% of the total issued shares. Additionally, EWCL's voting power will rise from approximately 36.68% to an anticipated 49.61% of the total voting rights associated with issued shares. This progressive stake reflects EWCL's confidence in Cango's future direction and strategic roadmap.

CEO's Perspective

Paul Yu, the CEO and Director of Cango, expressed optimism regarding the investment from EWCL. He remarked, “The increased investment from EWCL is a strong testament to our strategic roadmap. Collaborating closely with a major shareholder who understands our vision empowers us to act with greater confidence and ambition. In 2026, we aim to further enhance our operational capabilities in Bitcoin mining, focusing on improving our hashrate efficiency, upgrading our mining fleet, and selectively acquiring strategic mining assets.”

Moreover, Yu highlighted that the capital raised will support not only the core Bitcoin mining operations but also the parallel development of Cango's strategic pillars in energy and AI computing. The company is actively seeking synergies in these areas, aiming for long-term goals that include the establishment of an integrated global infrastructure platform designed to fuel the digital economy of the future.

Future Outlook

The completion of the planned investment is contingent upon standard closing conditions, including necessary approvals from the New York Stock Exchange, and is expected to be finalized in January 2026. This move is aimed at reshaping the strategic priorities of Cango while providing essential funding for executing pivotal initiatives in the forthcoming year.

With the ongoing advancements in the cryptocurrency space and the growing demand for automation and energy-efficient solutions, Cango Inc. is firmly positioned to leverage the forthcoming investment to enhance its market presence. The infusion of capital will not only amplify Cango's mining operations but also bolster its innovative ventures in the associated areas of energy and artificial intelligence.

Investors, industry analysts, and stakeholders will be keenly observing the developments at Cango Inc. as the company embarks on this significant growth phase, supported by a robust financial foundation set by EWCL.

In conclusion, this investment signifies a crucial milestone for Cango Inc., further positioning it as a leader within the crypto space while creating new opportunities for growth and innovation across its operational spectrum.