DALLAS, Dec. 30, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Firm”), a number one Bitcoin miner leveraging its world operations to develop an built-in vitality and AI compute platform, introduced that Enduring Wealth Capital Restricted (“EWCL”) elevated its funding within the Firm with a US$10.5 million dedication. EWCL will subscribe for extra Class B abnormal shares in money at US$1.50 per share. This transaction underscores a robust, aligned imaginative and prescient for Cango’s future and supplies substantial capital to speed up its core progress initiatives.
Underneath the phrases of this settlement:
- Pursuant to an Funding Settlement dated December 29, 2025, between the Firm and EWCL, the Firm will difficulty and ship to EWCL 7 million Class B abnormal shares, every carrying 20 votes per share.
- Upon closing of the Proposed Funding, EWCL’s shareholding within the Firm is anticipated to extend from roughly 2.81% to roughly 4.69% of the overall excellent shares.
- Correspondingly, EWCL’s voting energy is anticipated to rise from roughly 36.68% to roughly 49.61% of the overall voting energy of the Firm’s excellent shares.
Paul Yu, CEO and Director of Cango, commented, “The elevated funding from EWCL is a strong vote of confidence in our strategic roadmap. The strengthened alignment with a significant shareholder who totally understands our imaginative and prescient permits us to execute with higher certainty and ambition. In 2026, we are going to proceed to strengthen our Bitcoin mining operational capabilities, with a deal with bettering hashrate effectivity, upgrading our mining fleet, and selectively buying strategic mining belongings. Past our core mining enterprise, this capital additionally helps the parallel growth of our strategic pillars in vitality and AI compute. We’re actively exploring and investing in synergistic alternatives in these areas as we construct towards our long-term aim: establishing an built-in, world infrastructure platform able to powering the longer term digital economic system.”
Closing of the Proposed Funding is topic to sure customary closing circumstances, together with the requisite approval by the New York Inventory Trade. The Firm expects to shut the transaction in January 2026. This step is anticipated to help the Firm’s progress on its strategic priorities and supply capital to implement key initiatives within the yr forward.
Investor Relations Contact
Juliet Ye, Head of Communications
Cango Inc.
Electronic mail: [email protected]
Christensen Advisory
Tel: +852 2117 0861
Electronic mail: [email protected]
