The Trump Jr.-backed Thumzup Media Corporation has announced a series of agreements with Dogehash Technologies, under which it will acquire the firm in a $153.8 million all-stock transaction.
According to the agreement, Dogehash shareholders will exchange 100% of their holdings for 30.7 million shares of Thumzup stock, and the company will be renamed as Dogehash Technologies Holdings, Inc. It will trade on the Nasdaq Stock Market under the new ticker XDOG. The transaction will be finalized in the fourth quarter of 2025 and will be subject to various customary terms and conditions, including shareholder approval.
“As mainstream interest in Dogecoin and decentralized technologies continues to expand, we believe we are ahead of the curve, having already built a platform and utility-scale Dogecoin mining operation,” said Parker Scott, the Chief Executive Officer of Dogehash. “By owning and operating our own fleet of ASICs, we generate revenue directly from production, creating an ongoing, sustainable source of Dogecoin that fuels organic accumulation for years to come.”
Dogehash’s Mining Operations
At present, DogeHash has an operating fleet of approximately 2,500 Scrypt application-specific integrated circuit (ASIC) miners in North America and has additional units expected to be placed in service later this year with the goal of materially increasing its production by year-end and throughout 2026. By joining hands, Thumzup and Dogehash expect to leverage Dogecoin’s Layer-2 infrastructure through DeFi staking products built into the DogeOS ecosystem.
In July 2025, Thumzup completed a $50 million offering to expand its crypto strategies, a portion of which would be deployed to buy mining rigs and accumulate digital assets.
“This accelerates our evolution from a digital‑marketing platform into a diversified digital‑asset infrastructure and treasury company. Dogehash brings world‑class mining expertise, low‑cost renewable power, and access to cutting‑edge Scrypt miners,” said Robert Steele, Chief Executive Officer of Thumzup.
This strategic partnership comes at the right time, when interest in cryptocurrencies continues to surge, with Dogecoin gaining popularity among investors and enthusiasts alike.
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