Summary
- The Dogecoin mining company Z Squared announced plans to go public through a merger with Coeptis.
- Through this merger, Z Squared is expected to own 9,000 Dogecoin mining rigs in the United States.
- CEO David Halabu stated that going public will increase access to capital markets and provide opportunities for mining business growth and shareholder value enhancement.
The Dogecoin (DOGE) mining company Z Squared has announced a merger with the pharmaceutical company Coeptis (COEP).
According to CoinDesk, a cryptocurrency-focused media outlet, Z Squared plans to go public through this merger, and the transaction is expected to be completed by the third quarter of this year.
Post-merger, the company is expected to own 9,000 Dogecoin mining rigs in the United States and will continue its DOGE mining operations.
Meanwhile, Coeptis's existing pharmaceutical business will be spun off and operated separately.
David Halabu, CEO of Z Squared, stated, "Going public will allow us broader access to the capital markets," adding, "This will be a strategic opportunity to accelerate the growth of our mining business and enhance shareholder value."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
