Overview

• Thumzup disclosed a pending acquisition of DogeHash’s 2,500 active Scrypt miners with 1,000 additional rigs ordered for deployment by year-end, a buildout the company says would place it among the largest public Dogecoin miners.
• The August financing brought in $50 million via an all-stock offering at $10 per share, following a $6.5 million raise in June, to fund mining expansion and related initiatives.
• Regulatory filings outline a change-of-control merger that would rename the company Dogehash Technologies Holdings and issue 30.7 million restricted shares to DogeHash holders, subject to shareholder and Nasdaq approvals and other customary conditions.
• Using Bitmain L9-class assumptions, the shareholder letter presents illustrative annual revenue of about $22.7 million at current DOGE levels, reaching roughly $103 million in a $1 DOGE scenario.
• The company also detailed a digital-asset treasury that includes a $1 million bitcoin purchase, board authorization to hold DOGE, LTC, SOL, XRP, ETH and USDC, and institutional custody and credit arrangements with Coinbase Prime.