Thumzup Media Corp. Acquires Dogehash for $153.8 Million in Stock Deal
Thumzup Media Corp. (TZUP), with Donald Trump Jr. as a major shareholder, will acquire Dogehash Technologies, Inc. in an all-stock deal, transitioning from digital marketing to crypto mining.
- Dogehash shareholders will receive 30.7 million Thumzup shares, valuing the transaction at $153.8 million.
- The combined entity will be rebranded as Dogehash Technologies Holdings, Inc. and plans to list on Nasdaq under ticker XDOG, pending shareholder approval.
- Dogehash operates 2,500 Scrypt ASIC miners powered by renewable energy, with plans for expansion in 2026.
- The company focuses on infrastructure investment for direct exposure to dogecoin and litecoin block rewards.
- This acquisition follows Thumzup’s $50 million stock offering aimed at mining expansion and digital asset accumulation.
- Thumzup intends to utilize Dogecoin's DogeOS layer 2 for staking in DeFi products to enhance miner returns.
- Eric Trump and Donald Jr. previously launched American Bitcoin in partnership with Hut 8.
- World Liberty Financial, another Trump-associated venture, signed a $1.5 billion deal with ALT5 Sigma to integrate its WLFI token into the firm’s treasury.
- Following the announcement, Thumzup stock fell 41% to $5.01.