Dogecoin News Today: Thumzup Merges With Dogehash to Enter Dogecoin Mining Sector

Thumzup Media Corporation (NASDAQ: TZUP) has finalized a strategic shift into the cryptocurrency mining sector through a stock-based acquisition of Dogehash Technologies, a company specializing in Dogecoin and Litecoin mining. The all-stock deal, in which Dogehash shareholders received 30.7 million shares of Thumzup, positions the combined entity as Dogehash Technologies Holdings, Inc., with the new ticker symbol XDOG. The merger is set to close by the end of 2025, marking Thumzup’s evolution from a digital marketing platform to a diversified digital asset infrastructure firm [1].

To support the acquisition and future expansion, Thumzup recently raised $50 million through a common stock offering. These funds will be used to purchase additional mining equipment, develop energy infrastructure, and build a long-term digital asset treasury. This treasury is expected to include Dogecoin, Litecoin, Solana, Ripple, Ether, and USD Coin, reflecting the company’s broader diversification strategy [2].

Dogehash currently operates around 2,500 high-performance Scrypt ASIC miners and plans to significantly scale operations by year-end and into 2026. The company’s primary mining hub is located in a renewable-energy-powered data center in North America, with additional satellite operations in development. This focus on sustainability is a key differentiator, as the company aims to generate steady block rewards while maintaining a low environmental footprint [4].

Thumzup CEO Robert Steele described the acquisition as a natural progression, combining the company’s digital marketing expertise with blockchain-based financial infrastructure. He highlighted that Dogehash’s focus on building infrastructure—rather than simply buying digital assets—creates a sustainable pipeline of Dogecoin accumulation and recurring production-based revenue [5]. The merger also positions the new entity to leverage Dogecoin’s Layer-2 DeFi ecosystem, including DogeOS, to enhance miner returns through staking and yield-generating products [6].

Dogecoin, known for its fast block times, low transaction fees, and inflationary but predictable issuance model, offers steadier miner economics compared to Bitcoin, particularly when paired with efficient Scrypt-based hardware. This dynamic could give the combined company a competitive edge in the broader crypto mining sector [7].

If successful, the acquisition could establish the new entity as a leading player in the emerging Dogecoin mining industry, bridging the gap between utility-scale crypto infrastructure and mainstream financial strategies [8]. With a strong foundation in capital and infrastructure, the merged company aims to lead in large-scale, sustainable Dogecoin mining operations.

Source: [1] Thumzup to Merge with Dogecoin Miner Dogehash Technologies in Historic Deal (https://coincentral.com/thumzup-to-merge-with-dogecoin-miner-dogehash-technologies-in-historic-deal/)

[2] Dogecoin Mining Gets Boost From Thumzup's $50M Investment (https://www.channelchek.com/news-channel/dogecoin-mining-gets-boost-from-thumzups-50m-investment)

[4] Thumzup Media Takes the Leap into Dogecoin Mining (https://dexalot-test.com/en/blog/thumzup-media-dogecoin-mining)

[5] Thumzup to Acquire Dogehash for 30.7M Shares in Landmark Deal (https://www.stocktitan.net/news/TZUP/thumzup-to-acquire-dogehash-technologies-inc-a-leader-in-doge-yq33oa3p6x3a.html)

[6] Dogecoin News Today: Thumzup Transforms Into Dogecoin Miner (https://www.ainvest.com/news/dogecoin-news-today-thumzup-transforms-dogecoin-miner-50m-raise-dogehash-acquisition-2508/)

[7] Thumzup And Dogehash Join Forces To Mine Dogecoin (https://finimize.com/content/thumzup-and-dogehash-join-forces-to-mine-dogecoin)

[8] Thumzup to Acquire Dogehash Technologies, Inc., a Leader in Doge Digital Asset Mining (https://finviz.com/news/143836/thumzup-to-acquire-dogehash-technologies-inc-a-leader-in-doge-digital-asset-mining)