Thumzup Media Corporation, backed by Donald Trump Jr., has announced its intention to acquire Dogehash Technologies in a $153.8 million deal. The transaction involves a stock exchange for Dogehash shareholders.
Acquisition Agreement
Under the agreement, Dogehash shareholders will exchange 100% of their holdings for 30.7 million shares of Thumzup stock. The company will be renamed Dogehash Technologies Holdings, Inc. and will trade on Nasdaq under the new ticker XDOG. The transaction is expected to close in the fourth quarter of 2025, subject to various customary terms and conditions, including shareholder approval.
Dogehash Operations
Currently, Dogehash operates a fleet of approximately 2,500 Scrypt ASIC miners in North America, with plans for significant production increases by the end of 2026. The collaboration with Thumzup aims to leverage Dogecoin's infrastructure to create DeFi products within the DogeOS ecosystem.
Management Reaction
Parker Scott, CEO of Dogehash, stated, 'As mainstream interest in Dogecoin and decentralized technologies continues to expand, we believe we are ahead of the curve, having already built a platform and utility-scale Dogecoin mining operation.' Robert Steele, CEO of Thumzup, emphasized that the acquisition accelerates their evolution into a diversified digital asset infrastructure company.
The Thumzup and Dogehash deal highlights the rising interest in cryptocurrencies and offers Thumzup an opportunity to expand its digital asset services.
