Z Squared, a firm specializing in mining dogecoin (DOGE), is set to list on major stock exchanges following a merger deal with biopharmaceutical company Coeptis. The move aims to fuel the growth of its DOGE mining operations and pursue strategic opportunities.
Z Squared to Go Public Through Merger with Coeptis
Z Squared, a firm specializing in mining dogecoin (DOGE), is merging with biopharmaceutical company Coeptis. The merger will enable the resulting company to maintain its DOGE mining operations while spinning out Coeptis’ pharmaceutical business and operating it separately.
Key Details of the Merger
The transaction is expected to close in the third quarter of 2025, with 9,000 DOGE mining machines in operation. This will make the new entity one of the largest publicly-traded companies dedicated to dogecoin mining. The combined entity will have a significant presence in the cryptocurrency mining industry, which has become increasingly competitive in recent years.
Background on Dogecoin
Dogecoin (DOGE) is a memecoin that gained mainstream recognition in 2021 after ‘Elon Musk tweeted about it.’ It follows a similar Proof-of-Work consensus mechanism to Bitcoin, where miners compete to solve an algorithmic problem to produce the next block on the blockchain.
Growing Competition in Bitcoin Mining
The bitcoin mining industry has become highly competitive in recent years, leading mining operations to seek new avenues for revenue. Some companies have expanded into other cryptocurrencies like dogecoin and litecoin (LTC), which has proven profitable. For example, ‘BIT Mining announced that it had made three times more money mining DOGE and LTC than BTC since expanding into these cryptocurrencies.’
Implications of the Merger
The merger with Coeptis will provide Z Squared with broader access to capital markets, enabling it to fuel the growth of its mining operations and pursue additional strategic opportunities. The resulting company is expected to become one of the largest publicly-traded companies focused on dogecoin and other cryptocurrencies.
Market Capitalization of DOGE
At $27 billion in market capitalization, DOGE is currently the eighth-largest cryptocurrency, just ahead of ‘Cardano‘s ADA and Tron‘s TRX.’ Its growing popularity and increasing investment in mining operations have contributed to its significant market capitalization.
Dogecoin is a decentralized digital currency created in December 2013.
Initially designed as a joke, it has since become a legitimate cryptocurrency with a dedicated community.
The coin's logo features the Shiba Inu dog from the 'Doge' meme.
Dogecoin uses Scrypt encryption and has a maximum supply of 5 billion coins.
Its fast transaction times and low fees have made it popular for microtransactions and charitable fundraising efforts.
- coindesk.com | DOGE Mining Firm Z Squared To Go Public Through Merger
