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DOGE hits a two-month high as mining company plans to go public through merger
Golden Finance reported that on May 2, Chartel Pharmaceuticals Holdings has agreed to acquire United Dogecoin through a merger transaction backed by a $11 million PIPE financing. After the merger, the combined company plans to deploy 3,000 ElphaPex mining machines within 60 days after the transaction is completed. The project aims to capture approximately 1.5% of the global Dogecoin mining hash rate at a computing power level of 43,200 GH/s.