Z Squared, a Firm who specializes with the dogcoin (DOGE), the themed dog -themed memecoin driven by Elon Musk’s primary recognition in 2021, is combined with the biopharmaceutical company Coeptis (COEP).
The integration will provide the resulting company to maintain mining operations, while the Coepte’s pharmaceutical business will be released and operating separately. As a result, the firm will be one of the largest companies that have been publicly exchanged with the main focus on mining Dogecoin and other cryptocurrencies such as Litecoin (LTC).
“Going to the public gives us a greater access to capital markets to refuel the growth of our mining operations and pursue the additional strategic opportunities we believe will be accretive to shareholders,” Z Squared CEO David Halabu told CoinDesk in an email.
The transaction is expected to close in the third quarter of 2025. The joint creature will have 9,000 US Machine US machine. The company refused to share income numbers with CoinDesk.
Exit from Bitcoin (BTC) in 2013, Dogecoin follows a similar proof-to-work consent mechanism, which means that miners are competing to solve an algorithmic problem to generate the next block in the blockchain; Anyone solves this first is awarded coins for their efforts.
With $ 27 billion in market capitalization, Doge is currently eighth the largest cryptocurrency, only leading ADA and Tron’s TRX.
In the Bitcoin mining industry that has become super competitive in the last years, mining operations are looking for new ways for income – by offering resources for AI purposes, for example, or mining other cryptocurrencies such as Dogecoin and Litecoin. The Bitcoin Mining Firm Bit Mining (BTCM), for example, announced In December it made three times more Money Money and LTC mining than the BTC since it expanded to cryptocurrencies.
Z squared was not the first crypto miner to go public with this approach. Other creatures such as Core Scientific (Corz) and Terawulf (Tera) work a similar playbook in 2022.
Update (April 25, 18:40 UTC): The article was updated with excessive context about Bitcoin miners who would go public through fusion.
