Z Squared and Coeptis Merge to Form Dogecoin Mining Powerhouse—Because the Market Needed More Meme Coin Exposure
Two crypto players just doubled down on the internet’s favorite joke-turned-asset. Z Squared and Coeptis finalized a merger today, rebranding as a dedicated Dogecoin mining operation—because nothing says ’serious financial strategy’ like betting big on Shiba Inu memes.
The move comes as Dogecoin’s hashrate hits record highs, despite its price still being 80% below its 2021 peak. Because when traditional markets wobble, why not pivot to digging for digital coins with an Elon Musk tweet as your fundamental analysis?
Insiders hint the new entity might pursue a Nasdaq listing—after all, if AMC and GameStop taught us anything, it’s that Wall Street just loves a good narrative. Even if that narrative is powered by literal internet dog money.
DOGE Price Chart | Source: CoinMarketCap
Today, DOGE is worth $27 billion, ranking as the eighth largest cryptocurrency, according to CoinMarketCap. The growing popularity of dogecoin, partly at least because of the support it received from Elon Musk in 2021, has led most businesses to invest in DOGE mining.
The mining industry has seen heightened competition, especially in Bitcoin. For this reason, many mining companies are looking for other ways to earn revenue. For instance, the Bitcoin mining company BIT Mining (BTCM) stated that it earned three times more revenue from mining DOGE and LTC than that of Bitcoin itself.
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