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Thumzup Details DogeHash Merger Plan to Build 3,500-Rig Dogecoin Operation

The Nasdaq-listed firm outlines a change-of-control deal funded by a $50 million stock raise that still awaits shareholder and Nasdaq approval.

Overview

  • The pending acquisition would bring DogeHash’s 2,500 active Scrypt miners under Thumzup with 1,000 additional rigs on order targeting deployment by year-end.
  • Company filings describe a change-of-control merger that would issue 30.7 million restricted shares and rename the entity Dogehash Technologies Holdings, subject to customary closing conditions.
  • Thumzup presented illustrative revenue scenarios for a 3,500-rig fleet of about $22.7 million at current DOGE prices and more than $100 million if DOGE reached $1.
  • The pivot follows an August $50 million all-common stock offering at $10 per share and a board-approved digital-asset treasury spanning BTC, DOGE, LTC, SOL, XRP, ETH and USDC after an initial $1 million bitcoin buy.
  • The company cited a Coinbase Prime facility for custody and trading support, while disclosures note nald J. TrTrump Jr. as a selling stockholder with an equity link to the firm.