Thumzup to Acquire Dogecoin Mining Company in All-Stock Deal, Creating Leading Mining Platform

Thumzup, a cryptocurrency treasury firm backed by the Trump family, is planning to acquire Dogecoin mining firm Dogehash in an all-stock deal. The acquisition will integrate Dogehash's mining technology with Thumzup, aiming to offer competitive mining opportunities within the Dogecoin ecosystem. Thumzup recently raised $50 million to expand its mining capabilities and digital asset treasury.

Thumzup Media Corporation, a digital-asset treasury firm backed by the Trump family, is planning to acquire Dogecoin mining firm Dogehash in an all-stock deal. The acquisition aims to integrate Dogehash's mining technology with Thumzup, creating a competitive mining opportunity within the Dogecoin ecosystem. Thumzup recently raised $50 million to expand its mining capabilities and digital asset treasury [1].

Under the terms of the agreement, Dogehash shareholders will exchange their holdings for 30.7 million shares of Thumzup stock. The combined company will be renamed "Dogehash Technologies Holdings, Inc." and trade on the Nasdaq Stock Market under the new symbol "XDOG." The closing of the transaction is subject to customary terms and conditions, including shareholder approval, expected in the fourth quarter of 2025 [1].

DogeHash currently operates approximately 2,500 Scrypt ASIC miners in North America, with plans to expand its fleet through 2026. The company's mining operations are concentrated in a renewable-energy powered data center, with satellite sites being added. The combined fleet is expected to deliver significant Dogecoin and Litecoin block rewards while maintaining low-cost, high-uptime operations [2].

The acquisition follows Thumzup's $50 million all-stock offering in July, which provided capital for mining infrastructure expansion and accumulation of digital assets for its treasury strategy. The partnership will also leverage Dogecoin's Layer-2 staking infrastructure through the DogeOS ecosystem to amplify miner returns beyond block rewards [2].

Robert Steele, CEO of Thumzup, stated, "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" [1].

Parker Scott, CEO of Dogehash, added, "Unlike many companies that simply used their cash to buy cryptocurrency, we have invested in mining infrastructure. By owning and operating our own fleet of ASICs, we generate revenue directly from production, creating an ongoing, sustainable source of Dogecoin" [1].

If approved by shareholders, the deal positions Thumzup-Dogehash as one of the largest dedicated Dogecoin mining companies with a hybrid focus on digital-asset production and treasury accumulation [2].

References:
[1] https://www.prnewswire.com/news-releases/thumzup-to-acquire-dogehash-technologies-inc-a-leader-in-doge-digital-asset-mining-302533129.html
[2] https://www.benzinga.com/crypto/cryptocurrency/25/08/47214900/trump-jr-linked-thumzup-expands-into-dogecoin-litecoin-mining-with-dogehash-deal