Wu Shuo learned that Bitcoin mining company Cango Inc. (NYSE:CANG) announced that the sole shareholder of Class B common stock, EWCL, will subscribe for 7 million shares of Class B common stock for $10.5 million in cash (each share with 20 voting rights, at a price of $1.5). After the transaction is completed, EWCL's ownership stake will increase from approximately 2.81% to approximately 4.69%, and voting rights will rise from 36.68% to approximately 49.61%, approaching absolute control. The transaction is still subject to NYSE approval and is expected to be completed by January 2026.