Company Cango Inc. Secures US$10.5M from Company Enduring Wealth Capital Limited to Accelerate Bitcoin Mining, Energy and AI Compute Strategy

Company Cango Inc. (NYSE: CANG) announced a significant strategic investment as Company Enduring Wealth Capital Limited ("EWCL") committed US$10.5 million to subscribe for 7 million Class B ordinary shares at US$1.50 per share. Under the terms disclosed, these Class B shares carry 20 votes per share, a feature that will materially increase EWCL's voting influence in the Company upon closing.

The proposed issuance is expected to increase EWCL's ownership from approximately 2.81% to 4.69% of total outstanding shares, while boosting its voting power from roughly 36.68% to about 49.61% of total voting rights. This dynamic highlights a notable shift in the Company's governance profile and signals a stronger alignment with a large shareholder who supports management's strategic roadmap.

Mr. Paul Yu, CEO and Director of Company Cango Inc., described the investment as a "powerful vote of confidence" in the Company's strategy. He emphasized that the capital will accelerate priorities across three interconnected pillars: Bitcoin mining operational enhancements, targeted mining fleet upgrades and asset acquisitions, and the parallel development of integrated energy and AI compute capabilities. The announcement frames the funding as both immediate working capital and strategic ammunition for multi-year infrastructure objectives.

Operationally, the Company plans to focus on improving hashrate efficiency, optimizing the cost-per-hash metric, and selectively acquiring strategic mining assets to scale operations and resiliency. On the technology and energy fronts, Company Cango Inc. will advance initiatives designed to create a more integrated energy-to-compute platform—an approach that positions the Company to capture value from both low-cost energy deployment and AI compute demand growth.

This transaction remains subject to customary closing conditions, including New York Stock Exchange approval, with the Company targeting a close in January 2026. The press release also noted communications contacts, including Ms. Juliet Ye, Head of Communications, and Company Christensen Advisory, which can be linked through the provided advisory domain (Christensen Advisory). Investor relations inquiries for the transaction were supported by the Company's contact email at Company Cango Inc. (ir@cangoonline.com).

Analytically, this development carries multiple implications for investors and the market:

Governance and Control: A near-50% voting block held (post-close) by EWCL significantly elevates shareholder influence and could enable coordinated strategic execution; market participants should monitor whether the shareholder relationship shifts board dynamics or strategic prioritization.

Capital Allocation & Growth Path: The infusion of US$10.5M is modest in absolute magnitude for large-scale mining expansion but is strategically significant as targeted funding to enhance efficiency and support adjacent initiatives in energy and AI compute. The capital signals confidence in management's multi-pillar strategy and de-risks near-term execution.

Mining Business Implications: Emphasis on hashrate efficiency and fleet modernization is consistent with industry trends where operators pursue lower breakeven costs and improved energy utilization. Any fleet upgrades or strategic asset acquisitions announced in 2026 will be pivotal to the Company's production profile and cost structure.

Strategic Diversification: The parallel development of energy and AI compute suggests a diversification strategy intended to monetize infrastructure in multiple ways beyond spot Bitcoin mining revenue. Investors should evaluate execution milestones, power purchase arrangements, and prospective AI compute partnerships as they are disclosed.

Risk Considerations: Closing is conditional on regulatory and exchange approvals and subject to customary terms; dilution, timing of investments, and operational integration risks remain. The press release is a sponsored communication and, per the disclaimer, should not be considered legal, tax, investment, or financial advice. For context, the press release was distributed via a sponsored channel and references Company Bitzo in its disclaimer.

Overall, this capital raise signals a strengthened alignment between Company Cango Inc. and a major investor and provides focused resources for operational efficiency and strategic growth. Market and industry observers should track subsequent filings, shareholder communications, and any announced asset or technology deals to assess the tangible impact on production, costs, and long-term value creation.