Coeptis announces merger with Z Squared, transforming into a digital asset mining company
ChainCatcher news, according to The Block, Coeptis Therapeutics will merge with Z Squared, which focuses on Dogecoin mining, and plans to rename itself Z Squared, officially transforming from a biopharmaceutical company into a digital asset mining enterprise. This merger will include the acquisition of 9,000 Dogecoin mining machines and the divestiture of the existing biopharmaceutical division.As a result of this news, Coeptis's stock price plummeted nearly 40%, with a current market value of approximately $32 million. The new company will be led by Z Squared's current CEO David Halabu and COO Michelle Burke, with the goal of becoming the largest publicly traded Dogecoin mining company in the United States.