Thumzup Media to Acquire Dogehash Technologies for $153.8 Million
Dogecoin benefits from a $153.8 million all-stock deal as Thumzup Media Corporation acquires Dogehash Technologies. This merger aims to establish the largest Dogecoin mining platform.
Key Details of the Acquisition
- Thumzup Media will create Dogehash Technologies Holdings, Inc., trading under ticker XDOG on Nasdaq.
- The partnership combines Thumzup's digital asset expertise with Dogehash's extensive mining experience.
- The new entity is positioned to attract investors and enhance Dogecoin mining activities.
Mining Expansion Plans
- Dogehash currently operates around 2,500 Scrypt ASIC miners in North America.
- Plans to introduce renewable energy-powered data centers by 2026 to reduce operational costs and environmental impact.
- DogeOS, a Layer-2 protocol, will be launched to improve mining efficiency and increase miner rewards through DeFi tools.
These developments could strengthen Dogehash's market position and provide long-term value for the Dogecoin community.
