Mentioned:
DTCX -1.76% UMAC -18.31%

There’s a new publicly traded company on the Nasdaq mining digital assets. And they’re coming after the opportunity in Dogecoin and Litecoin.

What’s happening:

  • Datacentrex (NASDAQ: DTCX) has officially acquired digital asset mining company Dogehash Technologies

Why it matters:‍

  • Dogehash Technologies is one of the largest Scrypt mining operators in North America with more than 3,100 ASIC miners deployed across four different data centres

Going deeper:‍

  • Datacentrex has publicly stated they plan to deploy another 1,000 ASIC miners imminently and will focus on mining both Dogecoin and Litecoin
  • Datacentrex has also publicly stated they intend to hold Dogecoin and Litecoin directly as an asset as well as Bitcoin

The intrigue:‍

  • Founder of American drone company Unusual Machines (NYSE: UMAC) Allan Evans has also joined the board of directors of Datacentrex