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Cango Inc. Closed the Previously Announced US$10.5 Million Equity Investment from EWCL and Secured US$65 Million Additional Equity Investments
Prnewswire· 2026-02-12 11:00
Cango Inc. Closed the Previously Announced US$10.5 Million Equity Investment from EWCL and Secured US$65 Million Additional Equity Investments [Accessibility Statement] Skip NavigationDALLAS, Feb. 12, 2026 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading Bitcoin miner leveraging its global operations to develop an integrated energy and AI compute platform, today announced that it closed the previously announced US$10.5 million equity investment from Enduring Wealth Capital Limit ...
Cango Inc. Announces January 2026 Bitcoin Production and Mining Operations Update
Prnewswire· 2026-02-03 11:00
DALLAS, Feb. 3, 2026 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading Bitcoin miner leveraging its global operations to develop an integrated energy and AI compute platform, today published its Bitcoin production and mining operations update for January 2026. Bitcoin Mining Production and Mining Operations Update for January 2026 Metric [January 20261] [December 2025 1] Number of Bitcoin produced 496.35 569.0 Average number of Bitcoin produced per day 16.01 18.35 [ ...
Cango Inc. Announces December 2025 Bitcoin Production and Mining Operations Update
Prnewswire· 2026-01-05 11:00
Core Viewpoint - Cango Inc. reported strong operational growth in December 2025, achieving higher Bitcoin production and maintaining stable hashrate levels, while also securing a significant investment from a major shareholder [3]. Group 1: Bitcoin Production and Operations - In December 2025, Cango produced 569.0 Bitcoin, an increase from 546.7 Bitcoin in November 2025 [2]. - The average number of Bitcoin produced per day rose to 18.35 in December from 18.22 in November [2]. - The total number of Bitcoin held by Cango increased to 7,528.3 BTC from 6,959.3 BTC [2]. - The deployed hashrate remained stable at 50 EH/s, while the average operating hashrate slightly decreased to 43.36 EH/s from 44.38 EH/s [2]. Group 2: Strategic Developments - A major shareholder committed to invest US$10.5 million in Cango, expected to close in January 2026, indicating strong confidence in the company's strategic roadmap [3]. - The investment will enhance Bitcoin mining efficiency and support the development of Cango's energy and AI compute platform in 2026 [3]. Group 3: Company Overview - Cango Inc. is a Bitcoin mining company aiming to create an integrated global infrastructure platform for the digital economy, with operations across over 40 sites in various regions [4]. - Since entering the digital asset space in November 2024, Cango has initiated pilot projects in integrated energy solutions and distributed AI computing [5].