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PRNewsWire
2 months ago
Cango Inc. Announces New Equity Investment from EWCL
DALLAS, Texas , Dec. 29, 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, today announced that Enduring Wealth Capital Limited ("EWCL"), the sole shareholder of the Company's Class B ordinary shares with approximately 36.68% of the total voting power of the Company's outstanding shares, decided to increase its investment in the Company by subscribing for additional Class B ordinary shares of the Company in cash. Pursuant to an Investment Agreement dated December 29, 2025 , between the Company and EWCL, the Company will issue and deliver to EWCL 7,000,000 Class B ordinary shares, each carrying 20 votes per share.