Dogecoin mining company Z Squared to list publicly after merger deal.

Z Squared, a prominent Dogecoin (DOGE) mining company, is set to merge with Coeptis (COEP), a biopharmaceutical firm, with the merger expected to be completed in Q3 2025.

Once the merger is finalized, the newly formed company will continue to focus on its Dogecoin mining operations, while Coeptis’ biopharmaceutical business will be separated and managed independently. This merger will position the combined entity as one of the largest publicly traded companies dedicated to mining Dogecoin and other cryptocurrencies like Litecoin (LTC).

“We view going public as a critical step in gaining access to larger capital markets, which will help accelerate our mining growth and enable us to pursue other strategic opportunities that will benefit our shareholders,” Z Squared CEO David Halabu said in an email to CoinDesk.

The merger is slated to close by the third quarter of 2025, with the combined company operating 9,000 DOGE mining machines based in the United States. However, the company declined to provide specific revenue information. Meanwhile, COEP shares have fallen 37.5% on the day.

Dogecoin, created in 2013 as a fork of Bitcoin (BTC), operates on a Proof-of-Work consensus mechanism. Miners compete to solve complex algorithms, with the first to solve the problem earning new DOGE coins as a reward.

Currently, DOGE holds a market cap of $27 billion, making it the eighth-largest cryptocurrency, just ahead of Cardano (ADA) and Tron (TRX).

As competition within the Bitcoin mining industry continues to intensify, many mining operations are diversifying into other cryptocurrencies. For example, Bitcoin mining firm BIT Mining (BTCM) revealed in December that it made three times more profit from mining Dogecoin and Litecoin than from Bitcoin since it started focusing on these assets.

Z Squared follows in the footsteps of other mining firms, such as Core Scientific (CORZ) and TeraWulf (TERA), which used similar strategies to go public in 2022.