The equity structure of Bitcoin mining company Cango Inc. (NYSE:CANG) has undergone new changes. Major shareholder EWCL announced an additional investment of $10.5 million, subscribing to 7 million Class B common shares at a price of $1.5 per share. Each Class B share carries 20 voting rights, making this move highly significant — EWCL's ownership stake will increase from approximately 2.81% directly to 4.69%, and voting rights will rise from 36.68% to a new high. This reflects the market's optimism about the prospects of Bitcoin mining and also signals a new trend in mining company financing and equity consolidation.

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GasFeeWhisperervip
· 5h ago
Big capital is quietly buying, buying, buying. With this move... 20 votes per share, definitely grabbing the right to speak.
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ChainWanderingPoetvip
· 5h ago
Wow, EWCL directly invested 10.5 million this time, doubling voting rights and surging upward? Believing in mining is one thing, but what signals does this change in shareholding ratio reveal?
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DarkPoolWatchervip
· 6h ago
Oh my god, EWCL is really trying to bottom out. Throwing 10.5 million just for control... That's how money is played in the crypto world.
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GasFeeSurvivorvip
· 6h ago
This EWCL is really all in, pouring 10.5 million in hard cash... It seems that the mining industry still has some optimism.
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