UK CBT at the Parliamentary Blockchain Roundtable 🇬🇧On the 3rd of June, @NikhilVadgama, Co-Founder of UK CBT, spoke at the Parliamentary Blockchain Roundtable at the Houses of Parliament. Deputy Director, Francesco Pierangeli, was also in attendance.Hosted by the @APPGBlock in partnership with @Brit_blockchain, the Roundtable brought together policymakers, technologists, and industry leaders to discuss blockchain policy, digital assets, and the role of emerging technologies in the UK’s digital future.We tak ...

Core Viewpoint - Cango Inc. has announced the third amendment to its Purchase Agreement for acquiring on-rack crypto mining machines, which will involve the issuance of Class A ordinary shares to the sellers, reflecting a significant strategic move in the crypto mining sector [1][2]. Summary by Sections Purchase Agreement and Amendments - The Purchase Agreement was initially signed on November 6, 2024, with subsequent amendments on March 26, 2025, and April 3, 2025. The latest amendment adjusts the number of shares to be issued to sellers, totaling 146,670,925 Class A ordinary shares at closing, with an additional 97,780,616 bonus shares contingent on a triggering event [2]. Impact of PRC Business Disposal - The Third Amendment includes changes due to the sale of the Company's PRC business, completed on May 27, 2025. The requirement to issue additional shares (Adjustment Shares) is now based on a threshold of approximately US$7.0 million reduction in the total consideration from the PRC Business Disposal [3]. Ownership Structure Post-Transaction - Upon closing of the Share-Settled Transactions, Golden TechGen Limited (GT) will own approximately 18.79% of the Company's total outstanding shares, while all sellers will collectively own about 41.38% before any bonus or adjustment shares are issued [4]. Definitive Agreement and Voting Power - A definitive agreement was signed on June 2, 2025, involving the Company's co-founders and their holding companies. Post-transaction, Enduring Wealth Capital Limited (EWCL) will hold approximately 2.82% of total outstanding shares and 36.74% of voting power, while the founders will hold 18.54% of shares and 12.07% of voting power [5]. Change of Control at GT - GT has undergone a change of control, with new shareholders now holding equal voting power. Mr. Ning Wang, a finance professional with extensive experience, will exercise director nomination rights previously held by the former owner [6]. Closing Conditions - The closing of the Share-Settled Transactions is subject to certain conditions that are still pending. The Company is actively working towards satisfying these conditions [7]. Company Overview - Cango Inc. is primarily engaged in the Bitcoin mining business, with operations across various regions including North America and East Africa. The Company also operates an online international used car export business, diversifying its portfolio in response to advancements in blockchain technology and the growing adoption of digital assets [8].

RT UK CBT (@UKCBT_org)We are honoured to share that @NikhilVadgama will be speaking at the Parliamentary Blockchain Roundtable.📅 Date: 3 June🏛️ Venue: Houses of Parliament, LondonThe discussion will focus on:Blockchain and digital assets policyInnovation and regulationThe future of the UK’s digital economyGlad to support the event by @Brit_blockchain 🇬🇧 ...

Core Viewpoint - Cango Inc. has reported a production update for its Bitcoin mining business, showing an increase in the number of Bitcoins produced in May 2025 compared to April 2025 [1][2]. Group 1: Production Metrics - The number of Bitcoins produced in May 2025 was 484.5, an increase from 470.0 in April 2025, reflecting a growth of approximately 3.2% [2]. - The average number of Bitcoins produced per day in May 2025 was 15.63, slightly down from 15.67 in April 2025 [2]. - The total number of Bitcoins held by the company at the end of May 2025 was 3,429.3, up from 2,944.8 at the end of April 2025, indicating a significant increase of about 16.4% [2]. Group 2: Hashrate Metrics - The deployed hashrate remained stable at 32 EH/s for both May and April 2025 [2]. - The average operating hashrate in May 2025 was 29.86 EH/s, a slight decrease from 29.94 EH/s in April 2025 [2]. Group 3: Company Overview - Cango Inc. is primarily focused on Bitcoin mining, with operations across North America, the Middle East, South America, and East Africa [3]. - The company entered the crypto asset space in November 2024, motivated by advancements in blockchain technology and the growing adoption of digital assets [3]. - In addition to its crypto operations, Cango continues to run an online international used car export business through AutoCango.com [3].

Event Information - UK CBT (英国区块链技术中心) 将参加 APEX 2025 全球 XRPL 峰会 [1] - APEX 2025 峰会将于 2025 年 6 月 10 日至 12 日在新加坡举行 [1] Speakers and Representation - UCL Centre for Blockchain Technologies (伦敦大学学院区块链技术中心) 的研究人员将代表 UK CBT 参会 [1] - 演讲者包括 JiahuaJavaXu, WalterHernandez, Yimika Erinle, Yichen Luo [1] Focus - 会议将探索数字资产和区块链创新的未来 [1]

We are honoured to share that @NikhilVadgama will be speaking at the Parliamentary Blockchain Roundtable.📅 Date: 3 June🏛️ Venue: Houses of Parliament, LondonThe discussion will focus on:Blockchain and digital assets policyInnovation and regulationThe future of the UK’s digital economyGlad to support the event by @Brit_blockchain 🇬🇧 ...

Core Viewpoint - Cango Inc. has entered into a securities purchase agreement to sell 10 million Class B ordinary shares to Enduring Wealth Capital Limited for a total of $70 million, with certain conditions attached to the payment [1][2]. Group 1: Transaction Details - The agreement involves the sale of shares by the co-founders and their holding companies to EWCL, with $15 million payable upon the satisfaction of specific conditions [1]. - The company will undertake corporate actions to ensure that the shares acquired by EWCL remain Class B ordinary shares, which carry 20 votes per share [3]. - The founders will convert their remaining Class B shares into Class A shares, which have one vote per share [3]. Group 2: Shareholding and Voting Power - If the Share-Settled Transactions are not completed, EWCL will hold approximately 4.81% of the total outstanding shares and 50.28% of the voting power, while the founders will hold 31.63% of the shares and 16.52% of the voting power [3]. - If the Share-Settled Transactions are completed, EWCL's shareholding will decrease to approximately 2.83% with 36.81% voting power, and the founders will hold 18.59% of the shares and 12.09% of the voting power [3]. Group 3: Corporate Governance - The execution of the agreement has been approved by the company's audit committee and board of directors [4]. - The company is required to obtain shareholder approval for the necessary corporate actions to ensure compliance with the agreement [4]. - An extraordinary shareholders meeting is expected to be convened to seek this approval [4]. Group 4: Business Operations - Cango Inc. is primarily engaged in the Bitcoin mining business, with operations across North America, the Middle East, South America, and East Africa [6]. - The company also operates an online international used car export business through AutoCango.com, facilitating access to vehicle inventory from China [6].

Core Viewpoint - Matador Technologies Inc. has entered into a binding letter of intent to invest in HODL Systems, a publicly traded Indian technology company focused on digital assets, with an investment amount of up to USD 3.2 million, potentially acquiring a 24.95% ownership stake [1][2]. Investment Details - The investment will be structured as share warrants, allowing Matador to achieve up to 24.95% ownership in HODL upon full exercise of the warrants [2]. - The first tranche of the investment is expected to close on or before July 10, 2025, subject to customary conditions and regulatory approvals [4]. Strategic Rationale - The investment aligns with Matador's strategy to increase exposure to the global digital asset ecosystem and expand into high-growth markets, particularly in India [7]. - India is identified as a significant market for technology and digital assets, with a large population of tech-savvy, younger investors [7]. - Matador plans to enter into a licensing agreement with HODL to distribute its proprietary digital gold product and Ordinals technology in India, enhancing access to blockchain-based products [3][7]. Market Opportunity - India holds over 25,000 tonnes of gold, making it the largest private gold-owning country globally, and has a growing middle class that is increasingly adopting digital investment platforms [7]. - The demographic trend shows that over 65% of India's population is under the age of 35, indicating a strong potential market for digital asset solutions [7]. Future Growth Potential - Through this investment and licensing arrangement, Matador aims to participate in HODL's future growth and expansion into digital asset markets, potentially creating long-term value [7].

Core Viewpoint - Cango Inc. has divested its business in the PRC for approximately US$351.94 million, allowing the company to focus on expanding its leadership in the global Bitcoin mining industry [1][2][3] Group 1: Strategic Transaction - The divestment of the PRC Business was finalized on May 27, 2025, and is valued at approximately US$351.94 million in cash [1] - This strategic move enables Cango to concentrate its resources on Bitcoin mining in key regions such as North America, the Middle East, South America, and East Africa [2][3] Group 2: Company Restructuring - Following the divestment, Cango has restructured its Board of Directors by appointing two new members with expertise in Fintech, AI, Web 3.0, and global capital markets [4] - The enhanced board composition aims to reinforce Cango's commitment to innovation and strengthen its leadership position in the digital finance landscape [4] Group 3: Future Plans - Cango plans to apply to the China Securities Regulatory Commission to terminate its "China Concept Stock" status after the divestment [5] - The company aims to aggressively pursue growth objectives and enhance shareholder value through this strategic realignment [3]

Core Insights - Captor Capital Corp. has acquired US$500,000 in Bitcoin and issued US$450,000 in unsecured convertible loan notes to a European institutional investor, marking a significant step in its growth strategy [1][5] - The proceeds from the notes will enhance Captor's working capital and support its investment strategies for sustainable growth [4] Convertible Loan Note Agreement Highlights - The notes are not listed on any stock exchange, ensuring a focused investment structure [3] - The notes bear an interest rate of 6.5% and are unsecured, providing low-cost capital for the company's growth plans [7] - Conversion of the notes into common shares can occur under specific conditions, including a qualified equity fundraising of US$10 million or more [7] Strategic Use of Proceeds - The funds from the notes will be utilized to strengthen general working capital and facilitate dynamic investment strategies [4] Leadership Perspective - The Director of Captor expressed enthusiasm about the partnership with the institutional investor, highlighting the financial flexibility gained through this agreement [5]