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DOGE Hits Two-Month High as Mining Company Plans to Go Public via Merger
On May 2, Shatter Pharmaceuticals Holdings agreed to acquire United Dogecoin through a merger supported by a $11 million PIPE financing deal. The merged 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 power at a hash rate of 43,200 GH/s.