🎉 Share Your 2025 Year-End Summary & Win $10,000 Sharing Rewards!
Reflect on your year with Gate and share your report on Square for a chance to win $10,000!
👇 How to Join:
1️⃣ Click to check your Year-End Summary: https://www.gate.com/competition/your-year-in-review-2025
2️⃣ After viewing, share it on social media or Gate Square using the "Share" button
3️⃣ Invite friends to like, comment, and share. More interactions, higher chances of winning!
🎁 Generous Prizes:
1️⃣ Daily Lucky Winner: 1 winner per day gets $30 GT, a branded hoodie, and a Gate × Red Bull tumbler
2️⃣ Lucky Share Draw: 10
Crypto mining company Cango receives $10.5 million investment from EWCL, funds will be used to strengthen Bitcoin mining operations
Deep Tide TechFlow News, December 30 — According to PRNewswire, Bitcoin mining company Cango Inc. (NYSE: CANG) announced it has secured a $10.5 million investment from Enduring Wealth Capital Limited (EWCL). Under the agreement, EWCL will subscribe to 7 million Class B common shares at $1.50 per share, each with 20 voting rights.
After the transaction is completed, EWCL’s ownership stake in Cango is expected to increase from approximately 2.81% to about 4.69%, and voting rights will rise from approximately 36.68% to about 49.61%. Cango CEO Paul Yu stated that the funds will be used to strengthen Bitcoin mining operations, improve hash power efficiency, upgrade mining equipment, and selectively acquire strategic mining assets.