Z Squared

Z Squared is a Nasdaq-listed crypto mining company, ticker ZSQR, focused on Scrypt-based hashpower that earns block rewards through merged mining with Litecoin and Dogecoin. It also owns and operates data centers, combining proprietary hashpower with hosting.

Operationally, the company runs about 9,800 machines, predominantly on Scrypt, and Dogecoin contributes roughly 88% of revenue with the rest from Litecoin and hosting. Its second-quarter 2026 results reported USD 1.58 million in quarterly revenue, a net loss of USD 13.8 million, and power and depreciation costs equal to 211% of revenue. In the first half of 2026 the company completed the purchase of a 51% stake in an 8-megawatt Arkansas campus equipped with liquid cooling for high-density compute loads. The cost structure per unit of revenue is set by hashpower, coin price and power cost.