Dogecoin mining gets a boost as new company forms with big plans

A little-known company called Shuttle just teamed up with a Dogecoin-focused miner called United Dogecoin. Together, they’re making a big move to go public through a special merger. The deal includes $11 million in fresh funding to help United Dogecoin grow faster than private miners usually do. The plan is bold: buy 3, 000 high-powered mining machines and fire them up within two months. These machines should add up to over 43, 000 GH/s to the global Dogecoin network. That’s about 1. 5% of all the computing power currently mining DOGE. The new company will also hold onto any Dogecoin it mines, treating it like a long-term investment instead of selling it right away.Some experts see this as a smart way to follow Bitcoin’s early playbook. Back when Bitcoin mining was just starting, companies held onto coins to build value. Now, Dogecoin could be in the same spot. But the wild part? The new company’s stock jumped briefly after the announcement but then dropped almost all the way back down. Meanwhile, Dogecoin itself is rallying hard. It’s up 12% in a week, beating most other major cryptocurrencies. Still, while the merger looks exciting on paper, the real test will be whether the company can actually pull off its aggressive mining and holding strategy without burning through cash too fast.