DOGE Mining Firm Z Squared Merges With Coeptis to Go Public
Z Squared, focused on mining DOGE, is merging with biopharmaceutical company Coeptis (COEP). Key points include:
- The merger allows continued DOGE mining while Coeptis' pharmaceutical operations will be independent.
- The new entity aims to be one of the largest publicly traded companies focused on DOGE and other cryptocurrencies like LTC.
- CEO David Halabu noted that going public will enhance access to capital for mining growth and strategic opportunities.
- The transaction is expected to close in Q3 2025, with 9,000 U.S.-based DOGE mining machines.
- DOGE has a market capitalization of $27 billion, making it the eighth largest cryptocurrency.
- Mining firms are diversifying into currencies like DOGE and LTC due to increased competition in Bitcoin mining.
- Other crypto miners, such as Core Scientific and TeraWulf, have also pursued similar public strategies.