Key takeaways
- Cango Inc. plans to situation 7 million Class B frequent shares to Enduring Wealth Capital Restricted for a complete buy worth of $10.5 million.
- The transfer would increase EWCL’s voting affect, rising it to virtually half of the corporate’s complete voting energy.
Cango Inc., a China-based automotive companies platform turned Bitcoin miner, on Monday introduced a $10.5 million funding proposal from Enduring Wealth Capital Restricted (EWCL) via the issuance of seven million Class B frequent shares.
With the brand new shares, EWCL’s stake would improve to virtually 4.7% of excellent shares and its voting management would method 50%. The corporate famous that the transaction is pending approval from the New York Inventory Trade and is anticipated to be accomplished in January 2026.
Cango reported holding 7,419 BTC valued at about $649 million as of Dec. 25 and mined about 129 BTC final week, which it described as a powerful end to 2025.
The corporate mentioned it plans to prioritize operational excellence and larger energy provide management in 2026 to assist future AI knowledge middle growth and Bitcoin mining development via disciplined execution.
#WeeklyUpdate Cango mined 129.4 #BTC this week, bringing our complete bitcoin holdings to 7,419.4 BTC, a powerful end as we shut out 2025.
Pushed by disciplined execution, we head into 2026 targeted on operational excellence and guaranteeing management of energy provide to assist future AI… pic.twitter.com/8eNEx82tta
– CANGO (@Cango_Group) December 26, 2025
