Particle.news
Download on the App Store
6 ARTICLES
·
12h ago

Thumzup to Acquire Dogehash in All-Stock Deal, Pivot to Dogecoin Mining

The move shifts Thumzup from a marketing platform to a production‑driven digital‑asset strategy funded by a recent $50 million raise.

Trump Jr.-backed Thumzup announces Dogehash acquisition to scale Dogecoin mining
Image

Overview

  • Dogehash shareholders will receive 30.7 million Thumzup shares in exchange for 100% ownership, the companies said.
  • The combined business is slated to be renamed Dogehash Technologies Holdings and is expected to trade on Nasdaq as XDOG upon closing targeted for the fourth quarter of 2025.
  • Dogehash operates about 2,500 Scrypt ASIC miners in North America using renewable‑powered facilities, with additional deployments planned through 2026.
  • Thumzup plans to use part of its $50 million capital raise to purchase mining rigs and accumulate Dogecoin and Litecoin for its corporate treasury.
  • The companies say they intend to leverage Dogecoin Layer‑2 staking via the DogeOS ecosystem to enhance returns beyond block rewards, while the deal remains subject to customary conditions and shareholder approval.