Essential factors
- Cango Inc. plans to subject 7 million shares of its Class B widespread inventory to Enduring Wealth Capital Restricted for a complete consideration of $10.5 million.
- This transfer will broaden EWCL’s voting affect, rising it to almost half of the corporate’s whole voting rights.
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) by means of the issuance of seven million Class B widespread shares.
With the acquisition of latest shares, EWCL’s possession ratio will improve to almost 4.7% of excellent shares, and its voting management will method 50%. The corporate mentioned the transaction is pending NYSE approval and is predicted to shut in January 2026.
Cango reported that it held 7,419 BTC price practically $649 million as of December 25 and had mined roughly 129 BTC within the final week, which it mentioned can be a powerful finish to 2025.
The corporate mentioned it plans to prioritize operational excellence and energy management enhancements in 2026 to help future AI knowledge heart enlargement and Bitcoin mining development by means of disciplined execution.
# WeeklyUpdate Cango mined 129.4 #BTC this week, pushing its whole Bitcoin holdings to 7419.4 BTC. This was a powerful finish to 2025.
Pushed by disciplined execution, we glance to 2026 with a deal with making certain operational excellence and energy management to help future AI… pic.twitter.com/8eNEx82tta
— CANGO (@Cango_Group) December 26, 2025
