Z Squared is a company specializing in Mining Dogecoin (Doge), a dog-themed memo coin promoted by Elon Musk in 2021, and is fused with Bioharmaceutical Company Coeptis (Coep).
The merger will allow the resulting company to continue with Doge Mining Operations, but Coeptis’ pharmaceutical business will be spun and operated individually. As a result, the company will become one of the largest public companies with major focus mining dogecoin and other cryptocurrencies like Litecoin (LTC).
“When published, it will provide broader access to capital markets to promote growth in mining operations and pursue additional strategic opportunities that are likely to complement shareholders,” Z Squared CEO David Halabu told Coindesk via email.
The transaction is expected to close in the third quarter of 2025. The total entity has 9,000 US-based Doge mining machines. The company refused to share revenue figures with Coindesk.
Dogecoin, which spins out of Bitcoin (BTC) in 2013, follows a similar work consensus mechanism. In other words, miners compete to solve algorithm problems to generate the next block on the blockchain. Anyone who solves it will be awarded a coin for their efforts.
With a market capitalization of $27 billion, Doge is currently the eighth largest cryptocurrency just ahead of Cardano’s ADA and Tron’s TRX.
With Bitcoin mining so competitive in the past few years, mining operations are seeking new paths in revenue by dedicating resources to AI purposes or mining other cryptocurrencies such as Dogecoin and Litecoin. For example, Bitcoin mining company Bitmining (BTCM), announced in December that it has earned three times more money mining doges and LTC than BTC since expanding to these cryptocurrencies.
