CleanCore Liquidates 463M Dogecoin to Fund AI Data Centers

CleanCore Exits Dogecoin to Fund AI Data Centers

CleanCore Solutions, Inc. (ZONE) has completely wound down its Dogecoin treasury, selling 463 million Dogecoin (DOGE) for $33.4 million on July 20 to finance a strategic pivot toward AI infrastructure, according to the company's SEC filing. The move accompanies a broader restructuring that includes the divestment of its legacy ozone-cleaning products segment and a $100 million public offering of common stock and warrants, which increased shares outstanding by 122% to 502.1 million. Proceeds are earmarked for the accelerated construction of a 200-megawatt data center in West Texas and a 40-megawatt Tier 3 facility in Minnesota, the latter supported by a 10-year colocation agreement with Cerebras Systems, a direct competitor to Nvidia in AI chips. Despite the massive sell-off, Dogecoin remained resilient, holding key support near $0.09 and trading in its own independent trend, separate from the plunging stock. CleanCore's shares hit an all-time low of $0.1513, and the company acknowledged a material weakness in internal controls after an accounting department error overlooked a noncash transfer of 70 million Dogecoin (DOGE) made upon termination of an asset management agreement.

Dogecoin, a prominent altcoin that remains well below its all-time high, is consolidating around $0.091 after a sharp rebound from $0.07 earlier this week, with traders closely watching the $0.095 resistance level. Crypto analyst BitGuru notes that a sustained move above this threshold could bring the $0.10 psychological level back into focus. Technical indicators present a mixed picture: the price trades above the middle Bollinger Band at $0.07521 and is attempting to push beyond the upper band at $0.09317, while RSI readings vary sharply across platforms—some show overbought conditions above 80, while others indicate a more moderate 51.9. This divergence suggests that while momentum is positive, a short-term pause or pullback is possible before the next leg higher. The $0.095–$0.10 range is now the key battleground; failure to break above $0.095 could leave Dogecoin (DOGE) range-bound, while a decisive close above $0.10 would confirm a broader recovery and possibly attract fresh buying.

Dogecoin has risen approximately 33% since the start of August, yet that gain leaves it trailing the broader meme-coin sector, where rotation rather than a solo DOGE rally has defined the move. During the same period, Official Trump surged roughly 79%, Pudgy Penguins climbed 61%, and Pepe advanced 60%, all outpacing Dogecoin. The shifting market context arrives as CleanCore's pivot proceeds under a funding shortfall: the company's public offering generated net proceeds of about $92 million after underwriting fees, well below the initial budget of $479 million for its Minnesota venture. By Aug. 24, DOGE closed at $0.08946 with a 30-day return of 22.39%, reflecting a partial pullback from the earlier snapshot of stronger momentum.

(as of 05:10 UTC) COINOTAG's proprietary 42-indicator composite scoring engine currently rates the $0.0933 resistance at 97/100 (strong), with confluence from the R1 pivot, Fibonacci 0.618 retracement, VWAP, and RSI overbought signals. Conversely, support at $0.0902 scores 90/100, backed by a flipped resistance-to-support level, EMA 200, SMA 200, and pivot point. With spot price at $0.0925, up 0.25% on the day, derivatives data show funding rates at 0.0067% and a long/short account ratio of 3.59, indicating bullish positioning (78.2% long) that could be prone to a squeeze if price weakens. The Fear & Greed index at 74/100 reflects greed. A break above $0.0933 could open the path toward $0.0989, but losing $0.0902 on high volume would invalidate the bullish thesis and expose $0.0864 as the next downside target. A sustained drop below support would likely mark the onset of a bear market.