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Thumzup to Acquire Dogehash in All-Stock Deal, Targeting Nasdaq Debut as XDOG

The move signals a pivot from marketing services to renewable‑powered Scrypt mining with on‑balance‑sheet crypto accumulation.

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