Thumzup Media, a Nasdaq-listed company known for its digital marketing and with ties to the Trump family, is set to acquire Dogehash Technologies in an all-stock deal. The acquisition, valued at 30.7 million shares of Thumzup, is intended to create what the companies claim will be the world’s largest Dogecoin mining platform.
Once the transaction is finalized in the fourth quarter, the combined entity will be renamed Dogehash Technologies Holdings and will trade on the Nasdaq under the new ticker XDOG.
Dogehash currently operates approximately 2,500 Scrypt ASIC miners across North America, focusing on mining both Dogecoin and Litecoin. The merger will allow the new company to leverage Dogecoin's Layer-2 infrastructure and DeFi products within the DogeOS ecosystem. This is expected to improve mining economics and increase revenue beyond standard block rewards.
The acquisition follows Thumzup's recent $50 million fundraising round, with funds allocated for expanding its crypto strategies and acquiring more mining rigs. The company's board has also approved up to $250 million in digital asset holdings, including Bitcoin, Dogecoin, Litecoin, and others. The move marks a significant shift for Thumzup, which recently gained public visibility after Donald Trump Jr. purchased a substantial number of its shares.
August 2025, Cryptoniteuae