Thumzup Media Plans All-Stock Acquisition of Dogehash for Nasdaq-Listed Dogecoin Mining Platform

Thumzup Media is acquiring Dogehash Technologies in an all-stock deal to form Dogehash Technologies Holdings, which will trade on Nasdaq under the symbol XDOG. The combined company aims to become the world's leading Dogecoin mining platform, leveraging Dogecoin Layer-2 infrastructure and DeFi staking through DogeOS to improve mining efficiency and yields. Dogehash operates about 2,500 Scrypt ASIC miners in North America using primarily renewable energy, with plans to expand its operations through 2026. Thumzup plans to use proceeds from a recent $50 million stock offering to buy mining rigs and accumulate digital assets, marking its transition from a digital-marketing firm to a diversified digital-asset infrastructure and treasury company. The acquisition is supported by a significant shareholder, Donald Trump Jr., and reflects a broader industry trend toward sustainable crypto mining and innovative utility use cases for Dogecoin. The deal is expected to close by the end of the year.