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Cango ( (CANG) ) has provided an announcement.
On February 12, 2026, Cango Inc., a Dallas-based Bitcoin miner expanding into AI and computing infrastructure, closed a previously announced US$10.5 million Class B equity investment from Enduring Wealth Capital Limited. The transaction increased EWCL’s stake to about 4.71% of Cango’s outstanding shares and nearly half of the company’s total voting power, underscoring stronger external backing for its evolving digital infrastructure strategy.
Cango also signed definitive agreements on February 11, 2026 with entities owned by chairman Xin Jin and director Chang-Wei Chiu for additional Class A equity investments totaling US$65 million at US$1.32 per share. If completed, these insider-backed financings, expected to close in February subject to NYSE and other customary approvals, would bolster Cango’s balance sheet and fund its expansion into AI and computing infrastructure while modestly increasing the share and voting stakes of both executives.
The most recent analyst rating on (CANG) stock is a Buy with a $3.00 price target. To see the full list of analyst forecasts on Cango stock, see the CANG Stock Forecast page.
Spark’s Take on CANG Stock
According to Spark, TipRanks’ AI Analyst, CANG is a Neutral.
The score is driven primarily by mixed financial performance: improved profitability and a solid balance sheet profile are weighed down by weak and inconsistent cash flow. Technicals add pressure due to the broader downtrend (below key longer-term moving averages and negative MACD). The earnings call is a relative positive on operational and revenue momentum from the mining transformation, but elevated cost and leverage risks temper the upside; valuation is also constrained by a negative P/E.
To see Spark’s full report on CANG stock, click here.
More about Cango
Cango Inc. is a Bitcoin mining company that aims to build an integrated global infrastructure platform spanning energy and AI computing. Its mining operations extend across more than 40 sites in North America, the Middle East, South America and East Africa, and it also runs an online international used car export business through AutoCango.com.
Average Trading Volume: 975,848
Technical Sentiment Signal: Sell
Current Market Cap: $330.8M
Learn more about CANG stock on TipRanks’ Stock Analysis page.