Overview
- Dogehash shareholders will receive 30.7 million Thumzup shares, with closing targeted for Q4 2025 subject to shareholder and customary approvals.
- The combined company will be renamed Dogehash Technologies Holdings, Inc., which is intended to trade on Nasdaq under the ticker XDOG.
- Dogehash operates about 2,500 Scrypt ASIC miners in North America at a renewable‑energy data center, focused on Dogecoin and Litecoin production with additional units and satellite sites planned.
- Thumzup recently raised $50 million in a common‑stock offering to fund mining rig purchases and a diversified digital‑asset treasury strategy.
- Company statements highlight planned exploration of DogeOS Layer‑2 staking to enhance miner returns beyond block rewards.