Business UpdateJul 1, 2026, 06:07 AM
Shuttle Pharma's United Dogecoin Buys Miners, Secures Renewable Power
AI Summary
Shuttle Pharmaceuticals' wholly-owned subsidiary, United Dogecoin Inc., announced significant progress in its Dogecoin mining and AI infrastructure strategy. The company purchased its first fleet of ElphaPex DG1+ mining units, which are expected to be operational within approximately 60 days. Additionally, United Dogecoin secured a site with renewable hydroelectric energy at a competitive rate of US$0.064 per kilowatt hour, aiming to become the largest Dogecoin miner by hashrate. The subsidiary is also evaluating data center and power generation opportunities in Idaho and Alberta to support long-term operations and future AI workloads.
Key Highlights
- United Dogecoin purchased its first fleet of ElphaPex DG1+ mining units.
- Mining units are expected to be deployed and fully operational within approximately 60 days.
- Secured a site with renewable hydroelectric energy at US$0.064 per kilowatt hour.
- Evaluating proprietary data center and power generation opportunities in Idaho and Alberta.
- Aims to become the market's largest Dogecoin miner by hashrate.
- Strategy includes supporting long-term DOGE mining and future AI infrastructure workloads.
Price Impact
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