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

Cango Inc. Receives $10.5 Million Investment from EWCL

Cango Inc. (NYSE: CANG), a prominent Bitcoin mining enterprise, has made a notable advancement in its strategic initiatives with a recent investment of $10.5 million from Enduring Wealth Capital Limited (EWCL). This funding is expected not only to bolster the company’s operational capabilities but also to fortify its position in the rapidly evolving cryptocurrency market.

Investment Details

On December 29, 2025, Cango announced that EWCL would subscribe for additional Class B ordinary shares at a price of $1.50 per share. This investment will lead to the issuance of 7 million shares, which correspondingly elevates EWCL’s stake in Cango from approximately 2.81% to about 4.69%. The voting power of EWCL will also see a significant increase, raising it from 36.68% to 49.61%.

Paul Yu, CEO and Director of Cango, expressed that this increased investment signifies a strong endorsement of the Company's long-term vision. Yu stated, “The heightened investment from EWCL is a testament to our strategic roadmap. This partnership with a major shareholder, who comprehensively understands our vision, empowers us to execute our plans with greater confidence and ambition.”

Focus on Growth

With the new capital, Cango plans to enhance its Bitcoin mining operations. Key focuses will include improving hashrate efficiency, upgrading the current mining fleet, and strategically acquiring additional mining assets. Beyond its core Bitcoin mining segment, the investment will also channel resources into the development of Cango's pillars in energy solutions and AI computing.

Cango's innovations in digital assets commenced in November 2024 and have since expanded to include pilot projects in integrated energy systems and distributed AI computing. As it builds its platform, Cango emphasizes the integration of these technologies as foundational to establishing a robust infrastructure capable of powering the future digital economy.

Future Prospects

The closing of this investment is subject to standard closing conditions, including approval from the New York Stock Exchange, with an anticipated completion in January 2026. This strategic investment is expected to fuel Cango's progress towards achieving its target priorities and securing vital capital to implement pivotal initiatives in the coming year.

In terms of geographic outreach, Cango is actively engaged in mining operations spread across over 40 sites in regions including North America, the Middle East, South America, and East Africa. This broad operational footprint places Cango in a strong position to leverage various market opportunities.

About Cango Inc.

Cango Inc. is committed to creating an integrated global infrastructure platform that holds the potential to empower the future of the digital economy. Beyond Bitcoin mining, the Company's versatile approach includes operating an online international used car export business through AutoCango.com. With a clear focus on both immediate operational growth and long-term strategic positioning, Cango is poised to lead in the ever-competitive realm of cryptocurrency.

For more insights and updates on their strategies, visit Cango's website.