CleanCore Solutions has sold its remaining 463 million DOGE for about $33.4 million, ending a Dogecoin treasury strategy it launched less than a year ago. The company is redirecting the proceeds, plus a $100 million stock offering, into a Minnesota AI data center venture built around a Cerebras Systems colocation deal.
CleanCore Solutions sold substantially all of its 463 million Dogecoin holdings for about $33.4 million on July 20, according to SEC filings, and moved the proceeds into its AI infrastructure business. The sale, at an implied price of roughly $0.072 per token, closes out a strategy the company built around Dogecoin less than a year earlier.
CleanCore exits its Dogecoin treasury
CleanCore launched its Dogecoin treasury strategy in September 2025, backed by a $175 million private placement that drew Pantera, GSR and FalconX, with House of Doge and 21Shares advising the program. It later disclosed 710 million DOGE held by October 2025 and had aimed for as much as 5% of Dogecoin's circulating supply. That plan unwound this year: CleanCore terminated its asset management agreement with Dogecoin Ventures and 21Shares on March 6, appointed Tyler Hassen as chief executive, and turned the company toward AI infrastructure in the United States. CleanCore is listed on the NYSE American under the ticker ZONE. It had already sold 200 million DOGE and transferred 70 million tokens earlier in the year before the July 20 disposal cleared the remaining meme coin position.
Stock offering dilutes shares by 121.9%
CleanCore funded its pivot with a stock offering priced on Aug. 11, and the shares outstanding rose to 502.1 million from a pre-offering total of 226.3 million, a 121.9% increase. The company said the offering generated approximately $100 million in gross proceeds. If all offering-related warrants were eventually exercised, the number of shares tied to the offering could reach 1.026 billion, though that outcome remains conditional on ownership limits and other terms.
AI push carries a $500 million price tag
CleanCore's AI ambitions center on a Minnesota joint venture for an approximately 55-megawatt data center. The venture includes a colocation agreement with Cerebras Systems that carries an initial contract value of about $800 million over 10 years, with renewal options that could push the total above $3 billion. Initial revenue is expected in the first quarter of 2027. The venture carries an initial project budget of approximately $479 million. CleanCore's own commitments can reach as much as $500 million under the transaction structure. The company has said about $140 million of project equity has been funded or committed so far, drawing on both the stock offering and the completed Dogecoin sales.
Sources: crypto.news, Crypto Briefing
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