Quarterly ResultAug 13, 2026, 05:09 PM
Z Squared Inc. Reports Q2 Net Loss of $13.7M; Shifts to Crypto Mining
AI Summary
Z Squared Inc., formerly Coeptis Therapeutics Holdings, Inc., reported a net loss of $13.72 million for the six months ended June 30, 2026, following its reverse merger and strategic shift to crypto asset mining and AI/data center development. The company generated $1.58 million in revenue from Dogecoin and Litecoin mining during this period. Management believes current cash of $15.49 million is sufficient for existing operations for the next twelve months, though additional capital will be needed for AI expansion.
Key Highlights
- Net loss attributable to common stockholders was $13.72 million for the six months ended June 30, 2026.
- Total revenue from crypto mining reached $1.58 million for the six months ended June 30, 2026.
- Cash and cash equivalents increased to $15.49 million as of June 30, 2026.
- Total assets stood at $134.51 million as of June 30, 2026.
- Goodwill of $106.93 million was recognized from the reverse acquisition.
- Net loss per share was $(0.29) for the six months ended June 30, 2026.
- Company completed a reverse merger on April 24, 2026, becoming Z Squared Inc.
- Operations shifted to crypto asset mining and AI/data center development.