- Enduring Wealth Capital Restricted (EWCL) has made a brand new $10.5 million dedication to Bitcoin miner Cango.
- EWCL introduced in June 2025 that it signed a $70 million financing settlement with Cango.
- HCW analysts have a value goal of $3 for CANG, whereas Greenridge analysts have assigned a valuation forecast of $4.
Kango rose greater than 3% pre-market forward of its first buying and selling day on information that Enduring Wealth Capital Restricted (EWCL) has injected one other $10.5 million into its Bitcoin mining operations, that are based mostly in additional than 40 places throughout North America, the Center East, South America and East Africa.
In line with public data obtained by Cryptopolitan, EWCL plans to subscribe for a further 7 million shares of Class B widespread inventory in money at $1.50 per share, which is 20% above the corporate’s base inventory value of $1.25 and market closing value of $1.36.
Market observers typically take into account this stage of oversubscription to be a bullish sign for future earnings that haven’t but been mirrored within the firm’s efficiency.
EWCL backs Cango to guide the altering BTC mining sector
In line with Cango’s press launch, the proposed funding is anticipated to shut in January, topic to customary closing circumstances, together with needed approvals from the New York Inventory Alternate, and is anticipated to extend EWCL’s shareholding within the Bitcoin miner from roughly 2.81% to roughly 4.69% of its complete excellent shares.
Equally, EWCL’s voting energy is anticipated to extend from roughly 36.68% to roughly 49.61% of the whole voting energy of Cango’s excellent shares. The EWCL administration group is anticipated to proceed offering core assets to Cango’s 50 EH/s operations and AI transformation.
In early June, EWCL accomplished the majority buy of 10 million shares of Class B widespread inventory and entered right into a securities buy settlement with Cango for an combination worth of as much as $70 million.
This newest money infusion additionally will increase Cango’s money reserves and gives liquidity to pursue AI/HPC enlargement in 2026.
Cango CEO and Director Paul Yu commented on EWCL’s $10.5 million guess on Cango to keep up its profitability into the long run.
“The elevated funding from EWCL is a robust vote of confidence in our strategic roadmap. Strengthening our collaboration with main shareholders who absolutely perceive our imaginative and prescient will allow us to execute with better certainty and ambition. In 2026, we’ll proceed to strengthen our Bitcoin mining operational capabilities with a deal with bettering hash charge effectivity, upgrading our mining fleet, and selectively buying strategic mining belongings.”
Kango has an extended runway
Regardless of the 20% oversubscription on this deal, analysts nonetheless consider Cango’s reserves of over 7,400 BTC, fleet of fifty EH/s, and market cap of $450.2 million are nonetheless considerably undervalued, supporting the corporate’s chain-to-cloud technique to take off.
Earlier this month, Greenridge analysts set a $4 value goal for Kango, even earlier than the newest take care of EWCL was introduced. HCW analysts have been much less bullish, predicting that CANG inventory would seemingly rise 100% to $3.
Driving these bullish calls have been the sturdy numbers Cango launched in its Q3 2025 earnings report. Complete income elevated 60.6% to $224.6 million, with Bitcoin mining accounting for $220.9 million of the quarter’s ultimate tally.
Cango had working earnings of $43.5 million, internet earnings of $37.3 million and adjusted EBITDA of $80.1 million within the third quarter of 2025.
In the course of the third quarter, Cango achieved a 37.5% enhance in complete manufacturing and a 36% enhance in every day manufacturing in comparison with the second quarter of 2025, incomes a quarterly complete of 1,930.8 BTC (a mean of 21 BTC per day). The corporate was in a position to mix elevated productiveness with a mean income of roughly $18,000 for every Bitcoin mined in the course of the quarter.
As of the top of September 2025, Cango reported having mined 5,810 BTC over its lifetime.
Other than offering recent capital to speed up core development initiatives, the timing of EWCL’s funding in Cango represents a stage of confidence that bucks the development of BTC miners and their backers re-evaluating their enterprise fashions, as falling token costs, inflated hashrates, and declining mining block rewards have made profitability an inevitable conclusion.
Unprofitable corporations merely modified their plans as a result of market competitors, repurposing their mining tools to run AI information facilities for hyperscalers.
Cango on monitor for long-term AI computing enlargement targets
Cango is transferring by its ADR program and right into a direct itemizing on the NYSE. That is anticipated to unlock strategic benefits for corporations planning to broaden to fulfill the rising demand for capital construction, company transparency, and AI computing energy.
Notably, since coming into the digital belongings area in November 2024, Cango has activated pilot initiatives in each built-in vitality options and distributed AI computing, pursuing enlargement alternatives forward of market tightening that has pressured contemporaries to sharply pivot their operations.
In line with Cango’s official paperwork, the corporate maintains a long-term imaginative and prescient of constructing a worldwide decentralized AI computing grid powered by inexperienced vitality. We additionally plan to function a number of hubs and edge nodes as a utility-like supplier of AI computing for multinational companies and large-scale AI purposes.
Concerning future pivot alternatives, Yu stated, “Past our core mining operations, this funding additionally helps the parallel improvement of our strategic pillars in vitality and AI computing. We’re actively exploring and investing in synergistic alternatives in these areas as we construct in the direction of our long-term objective of creating a unified world infrastructure platform that may drive the digital economic system of the long run.”
