Thumzup to Acquire Dogehash Technologies, Inc., a Leader in DOGE Digital Asset Mining
Thumzup (NASDAQ:TZUP) has announced its acquisition of Dogehash Technologies, a Dogecoin and Litecoin mining company, in an all-stock transaction valued at 30.7 million shares. The combined entity will be renamed to Dogehash Technologies Holdings and trade under the symbol XDOG.
Dogehash currently operates 2,500 Scrypt ASIC miners in North America, with plans for expansion throughout 2026. The company recently completed a $50 million common stock offering to fund mining infrastructure expansion and digital asset accumulation. The transaction is expected to close in Q4 2025, subject to shareholder approval.
The combined company aims to become the world's leading Dogecoin mining platform, leveraging renewable energy data centers and Dogecoin Layer-2 infrastructure for enhanced mining economics.
Thumzup (NASDAQ:TZUP) ha annunciato l'acquisizione di Dogehash Technologies, società specializzata nel mining di Dogecoin e Litecoin, in un'operazione interamente in azioni del valore di 30,7 milioni di azioni. La società risultante assumerà il nome Dogehash Technologies Holdings e sarà quotata con il simbolo XDOG.
Dogehash gestisce attualmente 2.500 miner Scrypt ASIC in Nord America, con piani di espansione previsti per il 2026. Recentemente ha completato un collocamento di azioni ordinarie da 50 milioni di dollari per finanziare l'espansione delle infrastrutture di mining e l'accumulo di asset digitali. L'operazione dovrebbe concludersi nel Q4 2025, salvo approvazione degli azionisti.
La nuova entità punta a diventare la principale piattaforma di mining di Dogecoin al mondo, sfruttando data center alimentati da energie rinnovabili e infrastrutture Layer-2 per Dogecoin al fine di migliorare l'economia del mining.
Thumzup (NASDAQ:TZUP) ha anunciado la adquisición de Dogehash Technologies, una empresa dedicada a la minería de Dogecoin y Litecoin, en una operación íntegramente en acciones valorada en 30,7 millones de acciones. La entidad resultante cambiará su nombre a Dogehash Technologies Holdings y cotizará bajo el símbolo XDOG.
Dogehash opera actualmente 2.500 mineros Scrypt ASIC en Norteamérica y planea expandirse a lo largo de 2026. Recientemente completó una oferta de acciones ordinarias por 50 millones de dólares para financiar la expansión de infraestructura de minería y la acumulación de activos digitales. Se espera que la transacción cierre en el Q4 de 2025, sujeta a la aprobación de los accionistas.
La compañía combinada aspira a convertirse en la principal plataforma mundial de minería de Dogecoin, aprovechando centros de datos con energía renovable e infraestructura Layer-2 para Dogecoin que optimice la rentabilidad del minado.
Thumzup (NASDAQ:TZUP)는 도지코인 및 라이트코인 채굴 업체인 Dogehash Technologies를 3,070만 주 규모의 전액 주식 거래로 인수한다고 발표했습니다. 합병 법인은 Dogehash Technologies Holdings로 사명을 변경하고 XDOG 티커로 거래될 예정입니다.
Dogehash는 현재 북미에서 2,500대의 Scrypt ASIC 채굴기를 운영 중이며 2026년 전반에 걸쳐 확장 계획을 가지고 있습니다. 최근에는 채굴 인프라 확장 및 디지털 자산 축적을 위해 5,000만 달러 규모의 보통주 공모를 완료했습니다. 해당 거래는 주주 승인에 따라 2025년 4분기에 마무리될 것으로 예상됩니다.
통합 회사는 재생에너지 기반 데이터센터와 도지코인 레이어-2 인프라를 활용해 채굴 수익 구조를 개선하며 세계 최고 수준의 도지코인 채굴 플랫폼이 되는 것을 목표로 하고 있습니다.
Thumzup (NASDAQ:TZUP) a annoncé l'acquisition de Dogehash Technologies, une société de minage de Dogecoin et Litecoin, dans le cadre d'une transaction entièrement en actions d'un montant de 30,7 millions d'actions. L'entité regroupée sera renommée Dogehash Technologies Holdings et cotera sous le symbole XDOG.
Dogehash exploite actuellement 2 500 mineurs Scrypt ASIC en Amérique du Nord et prévoit de s'étendre au cours de 2026. La société a récemment finalisé une offre d'actions ordinaires de 50 millions de dollars pour financer l'expansion des infrastructures de minage et l'accumulation d'actifs numériques. La transaction devrait être clôturée au T4 2025, sous réserve de l'approbation des actionnaires.
La société combinée vise à devenir la principale plateforme mondiale de minage de Dogecoin, en tirant parti de centres de données alimentés par des énergies renouvelables et d'une infrastructure Layer-2 pour Dogecoin afin d'optimiser la rentabilité du minage.
Thumzup (NASDAQ:TZUP) hat die Übernahme von Dogehash Technologies, einem Dogecoin- und Litecoin-Mining-Unternehmen, in einer rein aktienbasierten Transaktion im Umfang von 30,7 Millionen Aktien angekündigt. Das kombinierte Unternehmen wird in Dogehash Technologies Holdings umbenannt und unter dem Kürzel XDOG gehandelt.
Dogehash betreibt derzeit 2.500 Scrypt-ASIC-Miner in Nordamerika und plant eine Expansion im Jahr 2026. Vor Kurzem schloss das Unternehmen ein 50-Millionen-Dollar-Emissionsangebot von Stammaktien zur Finanzierung des Ausbaus der Mining-Infrastruktur und zur Ansammlung digitaler Assets ab. Der Abschluss der Transaktion wird für das 4. Quartal 2025 erwartet, vorbehaltlich der Zustimmung der Aktionäre.
Das fusionierte Unternehmen strebt an, die weltweit führende Dogecoin-Mining-Plattform zu werden, indem es erneuerbare Energiezentren und Dogecoin Layer‑2‑Infrastruktur nutzt, um die Mining-Wirtschaftlichkeit zu verbessern.
- All-stock acquisition preserves cash resources for operations
- Operating fleet of 2,500 Scrypt ASIC miners with best-in-class efficiency
- Recent $50 million capital raise provides funding for expansion
- Mining operations use renewable energy, reducing operational costs
- Strategic expansion into crypto mining diversifies revenue streams
- Significant shareholder dilution with 30.7 million new shares being issued
- Transaction subject to shareholder approval, creating closing uncertainty
- Exposure to volatile cryptocurrency market prices
- Substantial pivot from core digital marketing business model
Insights
Thumzup's acquisition of Dogehash represents a major strategic pivot into industrial-scale Dogecoin mining with significant operational assets already in place.
This acquisition marks a complete transformation for Thumzup, shifting from a digital marketing platform to a dedicated cryptocurrency mining operation focused specifically on Scrypt-algorithm assets like Dogecoin and Litecoin. The transaction structure involves Dogehash shareholders receiving 30.7 million shares of Thumzup stock in an all-stock deal, with Thumzup rebranding as "Dogehash Technologies Holdings" and changing its ticker to XDOG.
What's particularly notable is that Dogehash already has 2,500 Scrypt ASIC miners operational in North America, providing immediate mining capacity upon deal completion. Their focus on renewable energy data centers gives them a competitive advantage in managing operational costs, which is critical for mining profitability. The company plans significant expansion through 2026, leveraging the
The strategic emphasis on Dogecoin mining specifically is interesting as it positions the company differently from Bitcoin-focused miners. Dogecoin's steady, non-halving issuance model provides more predictable mining economics compared to Bitcoin's halving cycle, potentially offering more stable revenue streams. Their plans to utilize Dogecoin Layer-2 infrastructure and DeFi staking within the DogeOS ecosystem signals an intention to optimize yield beyond just the base block rewards, which could significantly enhance mining economics if executed properly.
The combined entity appears well-positioned in the Scrypt mining space with operations already generating revenue, rather than merely holding digital assets as a treasury strategy. This production-focused approach creates an ongoing acquisition channel for Dogecoin that doesn't rely solely on market purchases.
This acquisition represents a complete strategic pivot for Thumzup, transforming from a digital marketing platform into a pure-play cryptocurrency mining operation. The all-stock transaction structure – with Dogehash shareholders receiving 30.7 million shares – suggests significant dilution for existing Thumzup shareholders but avoids depleting the recently raised
From a financial perspective, this deal has several noteworthy elements. First, the timing aligns with Thumzup's recent
The business model shift fundamentally changes Thumzup's risk profile and financial characteristics. Revenue will now be directly tied to cryptocurrency prices, mining difficulty, and operational efficiency metrics like hash rate and energy costs. While the press release mentions "best-in-class hash rate density and energy efficiency," investors will need concrete performance metrics to evaluate the operation's profitability potential.
The company's strategy to not only mine Dogecoin but also leverage Layer-2 staking for additional yield indicates a sophisticated approach to maximizing returns beyond basic mining operations. This dual-revenue approach could provide better economics than traditional mining-only operations if executed properly. However, this also introduces additional complexity and risk factors related to DeFi protocols and staking mechanisms that weren't part of Thumzup's original business.
- Dogehash to become a publicly traded crypto mining company dedicated to utility-scale Dogecoin mining and digital assets treasury strategy
- Recent
$50 million
DogeHash currently has an operating fleet of approximately 2,500 Scrypt ASIC miners in
Dogehash's mining operations are concentrated at a renewable-energy data center in
Dogecoin is among the most widely used cryptocurrencies thanks to fast block times, ultra-low transaction fees, and an inflationary but predictable issuance that resembles global fiat currency supply dynamics. It ranks among the largest cryptocurrencies by market capitalization and consistently records billions of dollars in daily trading volume. Built on a robust Layer-1, Dogecoin delivers fast, low-fee settlement for high-throughput transactions, a steady, non-halving issuance that supports stable miner economics, and Scrypt-based mining that typically delivers stronger power-to-revenue efficiency than Bitcoin mining alternatives.
Under the terms of the agreement, Dogehash shareholders will exchange
"This accelerates our evolution from a digital‑marketing platform into a diversified digital‑asset infrastructure and treasury company," said Robert Steele, Chief Executive Officer of Thumzup. "Dogehash brings world‑class mining expertise, low‑cost renewable power and access to cutting‑edge Scrypt miners. Our vision is not only to mine Dogecoin and Litecoin efficiently but also to explore utility‑driven use cases that leverage Dogecoin's fast settlement and low fees for everyday payments and rewards."
Parker Scott, Chief Executive Officer of Dogehash, added, "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. Unlike many companies that simply used their cash to buy cryptocurrency, we have invested in mining infrastructure. By owning and operating our own fleet of ASICs, we generate revenue directly from production, creating an ongoing, sustainable source of Dogecoin that fuels organic accumulation for years to come."
About Thumzup®
Thumzup Media Corporation is pioneering a new era of digital marketing and financial innovation. In parallel with the growth of its AdTech platform, Thumzup's Board of Directors has authorized the company to strategically expand its treasury strategy beyond Bitcoin to include leading cryptocurrencies, such as Dogecoin, Litecoin, Solana, Ripple, Ether, and USD Coin, reinforcing the Company's commitment to financial agility and innovation.
Legal Disclaimer
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These include, without limitation, statements about its potential growth, impacts on the advertising industry, plans for potential uplisting, and planned expansion. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although the Company believes that its plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, it can give no assurances that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company's filings with the
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SOURCE Thumzup Media Corporation
FAQ
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