Z Squared, a company dedicated to Dogecoin (DOGE) mining which gained attention due to Elon Musk’s support in 2021, is merging with Coeptis (COEP), a biopharmaceutical firm. This merger aims to enhance DOGE mining operations, as Coeptis will operate separately. The combined firm is expected to emerge as one of the largest publicly traded companies primarily focused on mining Dogecoin and other cryptocurrencies like Litecoin (LTC).

Details:

• The merger will result in 9,000 DOGE mining machines.
• Z Squared’s CEO, David Halabu, emphasized that going public will enhance access to capital for expanding mining operations and exploring new strategic opportunities.

The transaction’s completion is targeted for the third quarter of 2025, with a current valuation placing DOGE in the eighth spot among cryptocurrencies, just ahead of Cardano (ADA) and Tron (TRX). Amidst increasing competition in the bitcoin mining landscape, operations are pivoting to diverse revenue sources, including mining altcoins like DOGE and LTC.

This shift mirrors strategies previously employed by companies like Core Scientific and TeraWulf in the crypto industry.