[Cango Mining Company Secures $10.5 Million Investment from EWCL to Enhance Mining Operations] BlockBeats News, December 30 – According to PR Newswire, Bitcoin mining company Cango Inc. (CANG) announced that it has secured a $10.5 million investment from Enduring Wealth Capital Limited (EWCL). EWCL will subscribe to 7 million Class B common shares at $1.50 per share, with each share carrying 20 voting rights. Upon completion of the transaction, EWCL's ownership in Cango is expected to increase from approximately 2.81% to about 4.69%, while its voting rights will rise from around 36.68% to approximately 49.61%. Cango CEO Paul Yu stated that the funds will be used to enhance Bitcoin mining operations, improve computational efficiency, upgrade mining equipment, and selectively acquire strategic mining assets.