TechFlame News – According to PRNewswire, Bitcoin mining company Cango Inc. (NYSE: CANG) has announced a $10.5 million investment from Enduring Wealth Capital Limited (EWCL). Under the agreement, EWCL will subscribe to 7 million Class B ordinary shares at $1.50 per share, with each share carrying 20 votes. Upon completion of the transaction, EWCL's stake in Cango is expected to increase from approximately 2.81% to about 4.69%, while its voting rights will rise from around 36.68% to roughly 49.61%. Cango CEO Paul Yu stated that the funds will be used to strengthen Bitcoin mining operations, enhance computing power efficiency, upgrade mining equipment, and selectively acquire strategic mining assets.