BlockBeats News, December 30th, according to official sources, Bitcoin miner Cangu Group announced that Enduring Wealth Capital Limited (EWCL) has decided to increase its holdings of Class B common shares of Cangu Group. EWCL holds approximately 36.68% of the total voting rights of issued shares of Cangu Group and has decided to subscribe for additional Class B common shares of Cangu Group in cash. According to the investment agreement signed between Cangu Group and EWCL on December 29, 2025, Cangu Group will issue and deliver 7,000,000 Class B common shares to EWCL, each with 20 voting rights. EWCL will subscribe for and purchase these shares at a total purchase price of $10,500,000, i.e., $1.5 per share. This investment will deepen the resource binding between Cangu Group and EWCL. EWCL and its management team, with a strong background in crypto mining and computing infrastructure, will provide core resource support for Cangu Group’s 50 EH/s hash rate operations and AI transformation. Additionally, it further enhances Cangu Group’s financial reserves, providing sufficient funds for its 2026 expansion of AI/HPC business. Market-wise, this move validates the valuation judgment of institutions like Greenridge that target a $4.00 price, indicating that Cangu’s current asset value, including BTC reserves and hash rate equipment valuation, is severely undervalued.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Balancer Hacker Converts 14,300 ETH to 419.3 BTC via THORChain
Gate News message, April 25 — The Balancer hacker began converting ETH to BTC through THORChain yesterday (April 24) and has now swapped 14,300 ETH for 419.3 BTC, valued at approximately $32.51 million, according to on-chain analyst Yu Jin.
The attacker currently holds 7,700 ETH on the Ethereum
GateNews12m ago
Bitcoin Quantum Computing Threat Is Manageable, Real Issue Is Governance: Analyst
Gate News message, April 25 — Bitcoin analyst James Check said quantum computing poses a "manageable risk" rather than a systemic threat to Bitcoin, according to CoinDesk. Approximately 1.7 million BTC are held in Satoshi-era addresses, which could face risk if quantum computing breaks elliptic
GateNews47m ago
BTC Could Trigger $1.645B in Short Liquidations Above $81,151; $1.446B in Long Liquidations Below $74,199
Gate News message, April 25 — According to Coinglass data, if Bitcoin breaks above $81,151, cumulative short liquidations across major centralized exchanges would reach $1.645 billion. Conversely, if BTC drops below $74,199, cumulative long liquidations would reach $1.446 billion.
GateNews1h ago
Morgan Stanley Bitcoin Trust Adds 120.413 BTC, Total Holdings Reach 1,834 BTC
Gate News message, April 25 — Morgan Stanley Bitcoin Trust (MSBT), the spot Bitcoin exchange-traded fund under Morgan Stanley, added 120.413 BTC worth approximately $9.35 million to its on-chain wallet five hours ago, according to Arkham data.
The fund's total Bitcoin holdings now stand at 1,834 BT
GateNews1h ago
Italian Researcher Wins 1 BTC Bounty for 32,767-Bit Quantum Attack on Elliptic Curve Keys
Gate News message, April 24 — Giancarlo Lelli, an Italian researcher, has been awarded one Bitcoin after demonstrating the largest-scale quantum attack on elliptic curve cryptography to date. The breakthrough escalates concerns about quantum threats to Bitcoin, Ethereum, and other assets secured
GateNews4h ago
Warsh's Fed Chair Odds Surge to 86% After Powell DOJ Inquiry Ends
Prediction market traders on Kalshi pushed Kevin Warsh's chances of becoming Federal Reserve chair sharply higher after the Department of Justice ended its inquiry into Jerome Powell. The new pricing gives Warsh an 86% chance of Senate approval by May 15, up from approximately 30% before the DOJ dec
CryptoFrontier5h ago
