Cango Inc. Expands Growth Through Major Equity Investment from EWCL

Cango Inc. Expands Growth Through Major Equity Investment

Cango Inc. (NYSE: CANG), a leader in the Bitcoin mining sector, has recently unveiled plans for a substantial equity investment facilitated by a key stakeholder, Enduring Wealth Capital Limited (EWCL). This strategic move aims to bolster the company's operational capabilities and enhance its influence within the industry. The announcement comes as Cango continues to solidify its position at the forefront of the ever-evolving digital economy.

Investment Details

On December 29, 2025, Cango revealed that EWCL, which has been a pivotal player holding approximately 36.68% of the total voting power through Class B ordinary shares, has decided to increase its investment stake. Under an investment agreement formalized on the same date, Cango plans to issue 7,000,000 additional Class B ordinary shares at a subscription price of US$1.5 each, amounting to a total investment of US$10,500,000.

This investment will not only increase EWCL's shareholding from approximately 2.81% to 4.69%, but it will also significantly enhance its voting power, which will rise to about 49.61% of the total voting rights within the company. This proposed transaction is subject to standard closing conditions, including approval from the New York Stock Exchange, with expectations to finalize the deal in January 2026.

Cango's Vision and Operations

Cango Inc. has been paving the way in the Bitcoin mining industry by establishing a global infrastructure that integrates energy solutions with AI computing. Their operations span more than 40 locations across North America, the Middle East, South America, and East Africa, showcasing a commitment to expanding their technological footprint. The company embarked on its journey into the digital assets market in November 2024 and has since launched pilot projects that explore innovative applications in integrated energy solutions and decentralized AI computing.

In addition to Bitcoin mining, Cango operates an online platform for international used car exports known as AutoCango.com. This diversification not only capitalizes on the growing demand for sustainable energy practices but also highlights Cango's commitment to develop comprehensive solutions that meet the needs of a digital and interconnected world.

Future Prospects

The infusion of capital from EWCL reflects confidence in Cango’s strategic vision. As the digital economy continues to expand, Cango's position as an influential player in cryptocurrency and energy integration appears increasingly promising. However, it’s important to recognize that the closing of this investment is contingent upon meeting all established conditions, reinforcing the importance of regulatory and market factors in the business landscape.

Cango's management remains optimistic about reaching its goals as they navigate through potential industry challenges while pushing for greater innovation in energy-efficient Bitcoin mining operations. As they look ahead to further developments in early 2026, all eyes will be on Cango and its growth trajectory within the ever-competitive cryptocurrency market.

Conclusion

Cango Inc.'s new investment from EWCL marks a significant milestone in bolstering its operational capabilities and influence amidst a rapidly changing digital landscape. With its commitment to integrating AI technologies and sustainable energy solutions, Cango is well-positioned to lead in the Bitcoin mining sector while navigating the challenges and opportunities that lie ahead. As the company gears up for its next phase of growth, investors and industry watchers are keenly observing its evolution in the coming months.