Z Squared, a company that specializes in mining of Dogecoin (DOGE), the MEMECOIN theme, which was propelled for mainstream recognition by Elon Musk in 2021, merges with Biopharmaceutical Company Coepeptis (COEP).

The merger will enable the resulting company to keep DODE -mining running, while Coeptis’ pharmaceutical business will be spun out and driven separately. As a result, the company will become one of the largest publicly traded companies with a primary focus mining Dogecoin and other cryptocurrencies such as Litecoin (LTC).

“Going in public gives us wider access to capital markets to burn the growth of our mining and pursue additional strategic opportunities that we believe will be accrete for shareholders,” Z Squared CEO David Halabu told Coindesk in an E email.

The transaction is expected to close in the third quarter of 2025. The combined device will have 9,000 US-based dove miners. The company refused to share the income figures with Coindesk.

Coep is down with 37.5% on the day.

Dogecoin, which was spun out of Bitcoin (BTC) in 2013, follows a similar proof-of-work consensus mechanism, which means miners compete to solve an algorithmic problem to produce the next block on blockchain; Whoever resolves it first is awarded coins for their efforts.

At $ 27 billion in market value, DOGE is currently the eighth largest cryptocurrency, right in front of Cardanos Ada and Trons TRX.

As the Bitcoin mining sector becomes extremely competitive in the last few years, mining is looking for new opportunities for revenue -by dedicating resources for AI purposes, for example or mining other cryptocurrencies such as Dogecoin and Litecoin. For example, Bitcoin -mining Bit Mining (BTCM) announced in December that it had done three times more Money Mining Doge and LTC than BTC, since it expanded to these cryptocurrencies.

Z Squared is not the first crypto miner published using this strategy. Other devices such as Core Scientific (Corz) and Terawulf (Tera) employed a similar playbook in 2022.

Update (25 April 18:40 UTC): The article was updated with extra context on Bitcoin mining workers published through mergers.

Update (April 25, 19:40 UTC): The article was updated with information about COEP stock performance.