Important points
- Cango Inc. intends to issue 7 million shares of its Class B common stock to Enduring Wealth Capital Limited for an aggregate consideration of $10.5 million.
- This move will expand EWCL’s voting influence, increasing it to nearly half of the company’s total voting rights.
Cango Inc., a China-based automotive services platform turned Bitcoin miner, on Monday announced a $10.5 million investment proposal from Enduring Wealth Capital Limited (EWCL) through the issuance of 7 million Class B common shares.
With the acquisition of new shares, EWCL’s ownership ratio will increase to nearly 4.7% of outstanding shares, and its voting control will approach 50%. The company said the transaction is pending NYSE approval and is expected to close in January 2026.
Cango reported that it held 7,419 BTC worth nearly $649 million as of December 25 and had mined approximately 129 BTC in the last week, which it said would be a strong end to 2025.
The company said it plans to prioritize operational excellence and power control enhancements in 2026 to support future AI data center expansion and Bitcoin mining growth through disciplined execution.
# WeeklyUpdate Cango mined 129.4 #BTC this week, pushing its total Bitcoin holdings to 7419.4 BTC. This was a strong end to 2025.
Driven by disciplined execution, we look to 2026 with a focus on ensuring operational excellence and power control to support future AI… pic.twitter.com/8eNEx82tta
— CANGO (@Cango_Group) December 26, 2025
