Particle.news

Download on the App Store

Thumzup to Buy Dogehash in All-Stock Deal, Pivoting to Dogecoin Mining With Planned Nasdaq Ticker XDOG

Investors balked, sending Thumzup down more than 40% after the announcement.

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

Overview

  • Dogehash shareholders will receive 30.7 million Thumzup shares, with the combined company to be renamed Dogehash Technologies Holdings and listed as XDOG upon closing.
  • Dogehash operates about 2,500 Scrypt ASIC miners in North America powered by renewable energy, with additional units slated for deployment through 2026.
  • The transaction is reported at roughly $153.8 million based on Thumzup’s share price at the time of the announcement.
  • Closing is targeted for the fourth quarter of 2025 and remains subject to shareholder and customary regulatory approvals.
  • The deal ties into the Trump family’s expanding crypto ventures, with Donald Trump Jr. identified as a major Thumzup shareholder.