Key Highlights
- Thumzup Media has purchased Dogehash Technologies in a $153.8 million all-stock agreement.
- The new merged entity will operate under the name Dogehash Technologies Holdings, Inc., with the ticker XDOG.
- This merger is set to establish the largest Dogecoin mining platform globally, leveraging 2,500 Scrypt ASIC miners along with Dogecoin’s Layer-2 protocol (DogeOS) for improved mining efficiency and output.
In a notable advancement in the cryptocurrency field, Thumzup Media Corporation, a digital asset treasury firm supported by Donald Trump Jr., has declared its acquisition of Dogehash Technologies in a fully stock transaction valued at $153.8 million.
This acquisition aims to establish the largest Dogecoin mining platform in the world, merging Thumzup’s digital asset approach with Dogehash’s large-scale mining capabilities.
The combined entity will be named Dogehash Technologies Holdings, Inc. and will be trading on Nasdaq under the ticker XDOG.
A Leader in Dogecoin Mining
Dogehash Technologies operates around 2,500 Scrypt ASIC miners throughout North America, concentrating on mining Dogecoin (DOGE) and Litecoin (LTC). The company intends to grow its operations through the remainder of 2025 and into 2026, prioritizing renewable-energy-powered data centers.
By increasing its capacity, Dogehash seeks to establish a leading role in the Dogecoin mining landscape.
Integration of Dogecoin Layer-2 Staking
The merger plans to incorporate Dogecoin’s Layer-2 protocol, DogeOS, to improve mining efficiency and deliver greater yields beyond traditional block rewards.
This integration is designed to provide competitive mining prospects within the Dogecoin ecosystem, utilizing decentralized finance (DeFi) products to enhance returns.
Thumzup’s Expansion into Crypto Mining
Thumzup Media, previously recognized for its digital marketing services, has transitioned into the cryptocurrency space, aiming to develop a diverse digital asset framework.
The acquisition of Dogehash Technologies represents a major milestone in Thumzup’s strategy to emerge as a leading entity in the crypto mining field.
The company’s venture into crypto mining corresponds with the rising interest in digital assets and the growing demand for eco-friendly mining practices.
