Cango Shares Rise on Additional $10.5M Investment from Enduring Wealth Capital

Dow Jones2025-12-30

By Adriano Marchese

Cango shares rose in premarket trading Tuesday after it said that investor Enduring Wealth Capital has increased its stake with a $10.5 million commitment.

Shares traded 5.2% higher ahead of the morning bell at $1.43.

The bitcoin-mining and digital-compute infrastructure company said that Enduring Wealth, an investment firm, will subscribe for additional class B ordinary shares in cash at $1.50 apiece.

The new investment will nearly double Enduring Wealth's stake in the company to about 4.7% from 2.81% previously.

Chief Executive Paul Yu said that the company will continue to strengthen its bitcoin mining capabilities through improving hashrate efficiency, upgrading our mining fleet and by buying strategic mining assets.

"Beyond our core mining business, this capital also supports the parallel development of our strategic pillars in energy and artificial intelligence compute," Yu said.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

December 30, 2025 06:52 ET (11:52 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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