Catenaa, Wednesday, February 18, 2026- Cango Inc has closed a $10.5 million equity investment and secured commitments for an additional $65 million to support its artificial intelligence and computing infrastructure expansion, the company said Thursday.
The initial $10.5 million came from Enduring Wealth Capital Limited, which acquired 7 million Class B shares at $1.50 each, giving the firm roughly 4.7% ownership and 49.7% voting power.
Separately, Cango Chairman Xin Jin and board director Chang-Wei Chiu agreed to invest $65 million in Class A shares at $1.32 per share, subject to customary closing conditions including New York Stock Exchange approval, expected later this month.
Proceeds will fund Cango’s AI and distributed computing projects, strengthen its balance sheet, and support global mining operations across more than 40 sites.
Earlier this month, the company sold 4,451 BTC for roughly $305 million to boost liquidity for these initiatives. Cango ended 2025 with over 7,500 BTC, reflecting a prior aggressive accumulation strategy.
Cango entered bitcoin mining in late 2024 and has been integrating energy-efficient infrastructure with AI and computing projects alongside its mining operations.
The capital raise positions the firm to expand its technology stack while pursuing long-term operational and computational growth.
