Thumzup Media Corp. (TZUP), which counts Donald Trump Jr. as a major shareholder, is Dogehash Technologies, Inc. They say they will acquire through comprehensive stock trading and pivot from digital marketing to industrial-scale crypto mining
Under the agreement, Dogehash shareholders will receive 30.7 million shares of shares, according to a release on Tuesday, and value the transaction at $153.8 million based on the closing price of the shares. The total company is Dogehash Technologies Holdings, Inc. Rebrand as and lists NASDAQ under Ticker XDOG.
Dogehash plans to scale up further in 2026, operating approximately 2,500 Scrypt ASIC miners in North America’s renewable-driven data centers. Unlike companies that fill their balance sheets simply by purchasing coins, Dogehash invests in its own infrastructure and is directly exposed to Dogecoin.
Litecoin Block blocks rewards on a low-cost basis.
The deal follows Thumzup’s $50 million stake offering in July, which was allocated for expansion in the mining industry and accumulation of digital assets. The company also says it is betting its Defi products using Dogeos Layer 2 from Dogecoin.
The new deal will be added to the Trump family’s growing crypto empire. Eric Trump and Donald Jr. launched American Bitcoin on Hat8, which has more than 60,000 miners earlier this year.
Meanwhile, another Trump-backed venture, World Liberty Financial, has signed a $1.5 billion deal with NASDAQ-registered Alt5 Sigma, injecting WLFI tokens into the company’s finances.
Thumzup shares fell 41% to $5.01 on Tuesday.
