$SHPHJun 26, 2026, 12:56 PMAI processed
SHPH subsidiary United Dogecoin buys DG1+ miners and secures hydroelectric site at $0.064/kWh; miners due ~60 days
AI Summary
Shuttle Pharmaceuticals' newly acquired United Dogecoin purchased a fleet of ElphaPex DG1+ Scrypt miners (14.4 GH/s per unit) and secured a renewable hydroelectric data-centre site with power priced at $0.064/kWh, with deployment expected in about 60 days. The moves establish low-cost, renewable-powered mining capacity and mark United Dogecoin's planned entry into Dogecoin network mining, though the timeline and "largest by hashrate" ambition are forward-looking and depend on delivery, installation and operational execution.
Positives
- Purchased ElphaPex DG1+ Scrypt miners (14.4 GH/s per unit) for large-scale Dogecoin/Litecoin mining
- Secured renewable hydroelectric site with energy cost locked at US$0.064 per kWh
- Company expects miners to be deployed and operational in approximately 60 days
Negatives
- Deployment timeline is subject to delivery schedules and installation and could be delayed
- "Largest by hashrate" claim is forward-looking and currently unproven
- Business and integration risks noted from Shuttle's acquisition and from cryptocurrency price volatility