Cango Inc. Secures Significant Equity Investments

Cango Inc., a prominent Bitcoin mining company, announced the completion of a US$10.5 million equity investment from Enduring Wealth Capital Limited. Additionally, the company secured commitments for US$65 million in further equity investments. These moves are part of Cango's strategy to bolster its AI and computing infrastructure.

The US$10.5 million investment involved issuing 7 million Class B shares to EWCL, significantly increasing its voting power to 49.71%. At the same time, Mr. Xin Jin and Mr. Chang-Wei Chiu, key company figures, committed to investing through entities they own. Their investments total US$65 million, with Class A shares priced at US$1.32 each, referencing recent market prices.

The completion of these investments is anticipated by the end of February 2026, pending necessary approvals, and aims to enhance the company's growth trajectory in the tech infrastructure arena.