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Cango Inc. announces new equity investment from EWCL

Cango Inc. announces new equity investment from EWCL

BlockBeatsBlockBeats2025/12/30 05:44
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BlockBeats News, December 30, according to official sources, Bitcoin miner Canaan Inc. announced that Enduring Wealth Capital Limited (EWCL) has decided to increase its holdings of Canaan Inc. Class B ordinary shares. EWCL holds approximately 36.68% of the total voting rights of Canaan Inc.'s issued shares and has decided to subscribe for additional Class B ordinary shares of Canaan Inc. in cash.


According to the investment agreement signed between Canaan Inc. and EWCL on December 29, 2025, Canaan Inc. will issue and deliver 7,000,000 Class B ordinary shares to EWCL, with each share carrying 20 voting rights. EWCL will subscribe for and purchase these shares at a total purchase price of $10,500,000, which is $1.5 per share.


This investment will achieve a deep resource binding between Canaan Inc. and EWCL. EWCL and its management team have a strong background in crypto mining and computing power infrastructure, which will provide core resource support for Canaan Inc.'s 50 EH/s computing power operations and AI transformation. It will also further strengthen Canaan Inc.'s capital reserves, ensuring sufficient funds for its AI/HPC business expansion in 2026.


In terms of the market, this move validates the value judgment of institutions such as Greenridge regarding the company's $4.00 target price, indicating that Canaan's current asset value, including BTC reserves and computing power equipment valuation, is seriously underestimated.

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