[Cango Secures $10.5 Million Strategic Investment from EWCL] Odaily Planet Daily reports that Bitcoin mining company Cango Inc. has announced that it has signed an investment agreement with its sole Class B ordinary shareholder, Enduring Wealth Capital Limited (EWCL). According to the agreement, EWCL will subscribe to 7 million newly issued Class B ordinary shares of Cango at a price of $1.5 per share, with a total investment amount of $10.5 million. Each Class B ordinary share corresponds to 20 voting rights. Upon completion of the transaction, EWCL's ownership in Cango is expected to increase from approximately 2.81% to approximately 4.69%, with its voting rights proportion rising from approximately 36.68% to approximately 49.61%. The transaction is still subject to approval by the New York Stock Exchange, and Cango expects to complete the closing in January 2026. Cango stated that this financing will strengthen the company's capital reserves to support the continued advancement of its Bitcoin mining operations as well as its initiatives in energy, computing power, and AI-related developments.