2025-12-29 14:25:38

Bitcoin mining company Cango Inc. welcomes a new round of equity changes. Major shareholder EWCL recently announced a cash subscription of 7 million Class B common shares at $1.50 per share, totaling $10.5 million.

This transaction will bring significant changes—EWCL's ownership stake will increase from 2.81% to 4.69%, and more importantly, its voting rights are expected to rise from 36.68% to an even higher level.

In the current financing environment for mining companies, such equity increases reflect institutional investors' continued optimism about mining enterprises. As Bitcoin price fluctuations impact mining profitability, mining companies' financing strategies are also constantly adjusting. Cango Inc.'s move not only consolidates the voice of existing shareholders but also reserves space for future business expansion.

BTC-0.69%

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LiquidityNinja

· 9h ago

Wow, EWCL really went all out, investing 10.5 million. It seems they truly believe in the mining company.

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ForumMiningMaster

· 9h ago

Voting rights increase from 36 to a higher number? That's the key, indeed—the power to speak is firmly in hand.

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DefiOldTrickster

· 9h ago

Ha, another game of equity. Buying in at $1.5, this stock price is indeed quite interesting. My old man used to lose a lot on these mining company stocks back in the day. EWCL continues to increase its voting rights from 36.68%, clearly aiming to control the board. It's obvious—capital operates this way—throwing money to gain influence, then waiting for mining yields to feed back. But honestly, in this mining rebound cycle, if institutions still dare to pour cash into mining companies, either they have data to support it or their bets haven't ended yet. I’d like to see what their cost basis looks like.

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BearMarketSurvivor

· 9h ago

Voting rights soar from 36% to even higher? That's how they quietly seize power—typical capital game.

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ColdWalletGuardian

· 9h ago

It's another game of capital, pushing voting rights above 36%. It really means that the power of speech is all in their hands.

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RooftopVIP

· 10h ago

Voting rights are skyrocketing from 36.68%, which is like adding more chips to your own side. It seems like there's still confidence in the mining sector.

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