TL;DR
- Thumzup Media Corp., with Donald Trump Jr. as a major shareholder, is acquiring Dogehash Technologies in an all-stock transaction valued at $153.8 million.
- The combined company will be renamed Dogehash Technologies Holdings, Inc. and trade on Nasdaq under XDOG.
- Dogehash operates renewable-powered mining centers and plans to expand production of Dogecoin and Litecoin while leveraging DogeOS for staking and DeFi yield strategies.
Thumzup Media Corp. is taking a significant step into cryptocurrency infrastructure by acquiring Dogehash Technologies, a company specializing in industrial-scale Dogecoin and Litecoin mining. The all-stock deal will issue 30.7 million Thumzup shares to Dogehash shareholders, and upon completion, the merged company will trade on Nasdaq under the ticker XDOG. This move transitions Thumzup from primarily digital marketing into a broader crypto mining and digital asset strategy. It also opens opportunities for new partnerships with blockchain developers and DeFi projects seeking integration with Dogecoin.
Dogehash currently runs roughly 2,500 Scrypt ASIC miners in renewable-powered data centers across North America. Plans are already in motion to expand this fleet in 2026, enabling the company to generate higher Dogecoin and Litecoin block rewards efficiently. By focusing on infrastructure rather than simply holding digital coins, Dogehash secures direct exposure to cryptocurrency production and lowers overall mining costs. The company is also exploring additional renewable energy partnerships to further reduce operational expenses and improve environmental sustainability.
Trump Family Expands Crypto Mining Footprint
The acquisition follows Thumzup’s $50 million stock offering in July, aimed at funding mining operations and digital asset accumulation. The Trump family has already increased its presence in crypto this year through ventures like American Bitcoin and World Liberty Financial, reflecting a strategy that blends mining with token-backed financial operations. This approach reinforces Thumzup’s position as a diversified player in the growing Dogecoin ecosystem and positions the company to attract both retail and institutional investors.
Leveraging Technology to Enhance Miner Economics
Dogehash intends to use DogeOS Layer-2 solutions to stake assets in decentralized finance products, increasing returns beyond basic block rewards. The company’s CEO emphasizes sustainable, utility-scale mining as a key differentiator, allowing Dogecoin and Litecoin to remain profitable while supporting broader adoption of digital currencies.
Thumzup’s transition into crypto mining signals an ambitious push into renewable-powered blockchain infrastructure, utility-driven digital assets, and next-generation staking strategies. By combining advanced Scrypt mining technology with Layer-2 applications, the company aims to become a leading platform in the Dogecoin mining market while maintaining a strong commitment to financial and operational efficiency. The initiative also underscores the potential for long-term growth in alternative cryptocurrencies beyond Bitcoin.
