Cango Secures $10.5M Investment to Expand Bitcoin Mining and AI Infrastructure

Cango Inc, a prominent Bitcoin mining company with global operations and a strategic focus on building an integrated energy and AI computing platform, announced that Enduring Wealth Capital Limited (“EWCL”) has expanded its investment in the Company through a commitment of US$10.5 million. As part of the transaction, EWCL will acquire additional Class B ordinary shares at a price of US$1.50 per share, paid in cash. The investment reflects a shared long-term vision for Cango’s growth and provides meaningful funding to advance its key business initiatives.

Key terms of the transaction include:

Paul Yu, Chief Executive Officer and Director of Cango, stated that the additional capital represents strong validation of the Company’s strategic direction. He noted that deeper alignment with a major shareholder who closely understands Cango’s long-term objectives enhances the Company’s ability to execute its plans with confidence. Looking ahead to 2026,

Cango plans to further scale its Bitcoin mining operations by improving hashrate efficiency, modernizing its mining equipment, and pursuing targeted acquisitions of high-quality mining assets. In parallel, the Company intends to continue developing its energy and AI computing initiatives, exploring complementary investment opportunities to support its ambition of building a globally integrated infrastructure platform for the digital economy.

Completion of the investment remains subject to standard closing conditions, including approval from the New York Stock Exchange. The Company anticipates finalizing the transaction in January 2026. The additional funding is expected to reinforce Cango’s strategic execution and enable the rollout of priority initiatives in the coming year.