Dogecoin mining firm Z Squared is merging with biopharmaceutical firm Coeptis Therapeutics (NASDAQ: COEP) to form a newly listed company focused solely on Dogecoin (DOGE) and Litecoin (LTC) mining activities.

The deal will spin off Coeptis' pharma division and allow the merged company to concentrate on crypto mining, which will be used to expand the company's operations and pursue new strategic initiatives, according to CEO David Halbu. The merger will also provide Z Squared with direct access to capital markets.

After the merger, Z Squared will have 9,000 DOGE mining rigs in operation in the United States. Although the company has not disclosed its revenue, 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.

Created in 2013 as a Bitcoin fork, Dogecoin is now valued at around $27 billion, placing it 8th as the largest cryptocurrency, according to CoinMarketCap. With support from celebrities such as Elon Musk, DOGE has exploded in popularity and usage.

However, recently, Elon Musk announced that he will be devoting only 1–2 days a week to continuing his support for Donald Trump's 2024 presidential bid, shifting his attention to Tesla. This news has sparked discussion within both the automobile market and the Dogecoin market concerning the future momentum of DOGE.

As competition grows and Bitcoin mining profitability declines, most firms are shifting their attention to Dogecoin and Litecoin. For instance, BIT Mining (BTCM) announced that its earnings from mining DOGE and LTC have tripled compared to Bitcoin mining, showcasing a diversification strategy in the world of crypto mining.

Going public via the Coeptis merger is a strategic move by Z Squared. It will provide increased access to institutional investors, foster stakeholder trust, and drive the company's infrastructure growth. The company aims to become a top-tier DOGE and LTC mining operator globally.

The Coeptis and Z Squared merger marks a turning point not only for Z Squared but also for the broader Dogecoin mining industry. By the end of Q3 2025, when the merge is set to finalize, Z Squared will emerge as a full-fledged publicly traded crypto mining giant. It will be interesting to observe how the company expands its operations and redefines Litecoin and Dogecoin mining in the coming years.