Shuttle Pharmaceutical Acquires United Dogecoin to Boost Mining Capacity
- Shuttle Pharmaceutical Holdings agreed to acquire United Dogecoin Inc. in a merger backed by $11 million PIPE financing.
- The combined company plans to deploy 3,000 ElphaPex mining rigs within 60 days of deal closing.
- Operation aims to capture approximately 1.5% of global Dogecoin mining capacity at a hash rate of 43,200 GH/s.
- Bitcoin mining strategies will be mirrored by both mining and holding Dogecoin on the company’s balance sheet.
- DOGE is up about12% in the last week, making it the largest gainer among the top ten cryptocurrencies by market cap.
Shuttle Pharmaceutical’s acquisition of United Dogecoin aims to quickly establish a significant market position in the mining ecosystem with rapid deployment of new rigs and strategic financial backing.
This move positions United Dogecoin as a leader in the nascent Dogecoin mining space, leveraging institutional capital and proven Bitcoin strategies to enhance operational scale and asset value.( Source )
