Cango Inc. Secures $10.5M Investment to Accelerate Bitcoin Mining and AI Compute Initiatives
Summary:
Cango Inc. (NYSE: CANG), a leading Bitcoin mining and integrated energy and AI compute platform, announced a $10.5 million investment from Enduring Wealth Capital Limited (EWCL). The investment will fund the acquisition of 7 million Class B ordinary shares, increasing EWCL’s voting power to nearly 50%. This strategic move underscores Cango’s commitment to enhancing its Bitcoin mining efficiency, upgrading its fleet, and expanding into AI compute and energy sectors. CEO Paul Yu emphasized the alignment with shareholders and the company’s roadmap toward building a global infrastructure platform for the digital economy.
What This Means for You:
- Increased Confidence in Bitcoin Mining: Cango’s focus on improving hashrate efficiency and upgrading mining fleets signals potential advancements in operational performance, which could benefit stakeholders.
- Strategic Diversification: The investment supports Cango’s expansion into AI compute and energy sectors, offering opportunities for cross-industry innovation and growth.
- Enhanced Shareholder Alignment: EWCL’s increased stake aligns major shareholder interests with Cango’s long-term vision, fostering greater operational stability.
- Future Outlook: Investors should monitor Cango’s progress in closing the transaction and implementing its 2026 strategic priorities, including selective mining asset acquisitions.
Original Post:
DALLAS, Dec. 30, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a leading Bitcoin miner leveraging its global operations to develop an integrated energy and AI compute platform, announced that Enduring Wealth Capital Limited (“EWCL”) increased its investment in the Company with a US$10.5 million commitment. EWCL will subscribe for additional Class B ordinary shares in cash at US$1.50 per share. This transaction underscores a strong, aligned vision for Cango’s future and provides substantial capital to accelerate its core growth initiatives.
Under the terms of this agreement:
- Pursuant to an Investment Agreement dated December 29, 2025, between the Company and EWCL, the Company will issue and deliver to EWCL 7 million Class B ordinary shares, each carrying 20 votes per share.
- Upon closing of the Proposed Investment, EWCL’s shareholding in the Company is expected to increase from approximately 2.81% to approximately 4.69% of the total outstanding shares.
- Correspondingly, EWCL’s voting power is expected to rise from approximately 36.68% to approximately 49.61% of the total voting power of the Company’s outstanding shares.
Paul Yu, CEO and Director of Cango, commented, “The increased investment from EWCL is a powerful vote of confidence in our strategic roadmap. The strengthened alignment with a major shareholder who thoroughly understands our vision enables us to execute with greater certainty and ambition. In 2026, we will continue to strengthen our Bitcoin mining operational capabilities, with a focus on improving hashrate efficiency, upgrading our mining fleet, and selectively acquiring strategic mining assets. Beyond our core mining business, this capital also supports the parallel development of our strategic pillars in energy and AI compute. We are actively exploring and investing in synergistic opportunities in these areas as we build toward our long-term goal: establishing an integrated, global infrastructure platform capable of powering the future digital economy.”
Closing of the Proposed Investment is subject to certain customary closing conditions, including the requisite approval by the New York Stock Exchange. The Company expects to close the transaction in January 2026. This step is expected to support the Company’s progress on its strategic priorities and provide capital to implement key initiatives in the year ahead.
Investor Relations Contact
Juliet Ye, Head of Communications
Cango Inc.
Email: [email protected]
Christensen Advisory
Tel: +852 2117 0861
Email: [email protected]
Extra Information:
Related Resources:
- CoinDesk: Stay updated on Bitcoin mining trends and industry news.
- NASDAQ: Track Cango Inc.’s stock performance and market insights.
- AI & ML News: Explore developments in AI compute technologies and their applications.
People Also Ask About:
- What is Cango Inc.’s primary focus? Cango Inc. focuses on Bitcoin mining, energy, and AI compute platforms.
- How does EWCL’s investment impact Cango? The investment strengthens shareholder alignment and provides capital for strategic growth.
- What is hashrate efficiency? Hashrate efficiency refers to the performance optimization of Bitcoin mining hardware.
- What are Cango’s future plans? Cango aims to expand its mining fleet, acquire strategic assets, and develop AI compute capabilities.
- When will the transaction close? The transaction is expected to close in January 2026, pending NYSE approval.
Expert Opinion:
“Cango’s dual focus on Bitcoin mining and AI compute positions it uniquely in the digital economy. This investment signals not just financial backing but a shared strategic vision that could redefine infrastructure development in these sectors.” – Blockchain Industry Analyst
Key Terms:
- Bitcoin mining efficiency
- AI compute platforms
- Investment in cryptocurrency
- Blockchain infrastructure
- Hashrate optimization
- Strategic mining acquisitions
- Digital economy growth
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