Trump Family Enters Crypto Mining with Dogehash Acquisition

Thumzup Media Corp, led by Donald Trump Jr, is expanding its crypto empire by acquiring Dogehash Technologies in an all-stock deal. This move marks a pivot from digital marketing to industrial-scale crypto mining, fueling speculation on the Trump family's next steps in the crypto space.

Thumzup Media Corp, led by Donald Trump Jr., has expanded its crypto empire by acquiring Dogehash Technologies in an all-stock deal. This strategic move marks a significant pivot from the company's digital marketing roots into industrial-scale crypto mining.

The acquisition, announced on Tuesday, involves Dogehash shareholders exchanging their holdings for 30.7 million shares of Thumzup, valuing the transaction at $153.8 million [3]. The combined entity, Dogehash Technologies Holdings, Inc., will trade on the Nasdaq under the ticker XDOG, pending shareholder approval later this year.

Dogehash currently operates approximately 2,500 Scrypt ASIC miners in North America, with plans for further expansion in 2026. The company's operations are concentrated in renewable-energy powered data centers, ensuring low-cost, high-uptime mining operations. Unlike many firms that simply buy cryptocurrencies, Dogehash has invested in its own infrastructure, providing direct exposure to Dogecoin (DOGE) and Litecoin (LTC) block rewards at a lower cost base [2].

The deal comes on the heels of Thumzup's $50 million stock offering in July, earmarked for mining expansion and digital asset accumulation. The company plans to leverage Dogecoin's DogeOS layer 2 staking infrastructure to amplify miner returns beyond standard block rewards.

This acquisition is part of a broader trend of institutional investors seeking predictable, scalable crypto returns. Thumzup's move into crypto mining aligns with its strategy to diversify its digital asset portfolio and generate steady income streams.

The Trump family's expanding crypto empire also includes American Bitcoin, launched by Eric Trump and Donald Jr. with Hut 8, which has over 60,000 miners, and World Liberty Financial, which plans to inject its WLFI token into Thumzup's treasury [3].

The acquisition has sparked speculation about the Trump family's next steps in the crypto space. As Thumzup continues to grow its crypto mining operations, investors will be closely watching the company's performance and strategic moves.

References:
[1] https://crypto.news/thumzup-medias-50m-xrp-crypto-investment-reveals-winnermining-cloud-mining-secrets/
[2] https://www.benzinga.com/crypto/cryptocurrency/25/08/47214900/trump-jr-linked-thumzup-expands-into-dogecoin-litecoin-mining-with-dogehash-deal
[3] https://finance.yahoo.com/news/trump-family-expands-crypto-bets-074123940.html