Z Squared and Coeptis Merger to Create New Powerhouse in Dogecoin Mining
In a significant development for the crypto mining industry, Dogecoin mining firm Z Squared has revealed a merger with biopharmaceutical firm Coeptis Therapeutics (NASDAQ: COEP). After the merger, a newly listed company will be formed, dedicated solely to Dogecoin (DOGE) and Litecoin (LTC) mining activities.
Reason Behind the Merger
The deal is meant to spin off Coeptis' pharma division and enable the merged company to concentrate on crypto mining exclusively. The merger, as per CEO David Halbu, will provide Z Squared with direct access to capital markets, facilitating expansion of mining activities and new strategic exploration.
Plans for Expansion: 9,000 Mining Machines
After the merger, Z Squared will have 9,000 DOGE mining rigs in operation in the United States. Although the company has not made its revenue public, this massive mining configuration is likely to yield high returns and make Z Squared a force to be reckoned with in the crypto mining industry.
Dogecoin's Increasing Value and Demand
Created in 2013 as a Bitcoin fork, Dogecoin is now valued at around $27 billion, putting it in 8th position as the largest cryptocurrency, according to CoinMarketCap. With support from celebrities such as Elon Musk, DOGE has exploded in popularity and usage.
Though, recently, Elon Musk announced that he is going to devote merely 1–2 days a week towards backing Donald Trump's 2024 presidential run, with greater attention to Tesla. This news has initiated talks within both the automobile market and the Dogecoin market about DOGE's future momentum.
Shift from Bitcoin to DOGE and LTC Mining
With growing competition and declining profitability for Bitcoin mining, most firms now redirect their interests to Dogecoin and Litecoin. For instance, BIT Mining (BTCM) announced its earnings from mining DOGE and LTC have trebled versus that of Bitcoin mining, indicating a diversification strategy in the world of crypto mining.
Why Going Public is so Important to Z Squared
Going public via the Coeptis merger is a strategic step for Z Squared. It will increase access to institutional investors, build stakeholder trust, and drive infrastructure growth. The company will position itself as a top DOGE and LTC mining operator globally.
Also Read: Brazil Becomes First Country to Launch Spot XRP ETF
Conclusion
The Coeptis and Z Squared merger is a turning point not only for Z Squared but also for the larger Dogecoin mining industry. By the end of Q3 2025, when the merge is scheduled to finish, Z Squared will be a full-fledged publicly traded crypto mining giant. It will be thrilling to observe how the company grows its business and redefines Litecoin and Dogecoin mining in the years ahead.
