- Thumzup will acquire Dogehash in an all stock deal to expand into Dogecoin and Litecoin mining.
- Dogehash runs 2500 mining machines across North America with more equipment planned this year.
- The new company will trade as XDOG and aims to lead in Dogecoin mining using renewable energy sources.
Thumzup Media Corporation has announced an all-stock deal to acquire Dogehash Technologies, Inc. The Nasdaq-listed firm aims to shift deeper into cryptocurrency mining through this transaction. Dogehash specializes in Scrypt-based asset mining, including Dogecoin and Litecoin.
The deal involves issuing 30.7 million shares of Thumzup stock to Dogehash shareholders. The combined company will be renamed Dogehash Technologies Holdings, Inc. and will trade under the ticker symbol “XDOG.”
The acquisition will allow Thumzup to expand beyond its original digital marketing business. With this move, the company seeks to build a major presence in the digital asset infrastructure sector. The transaction is expected to close in the fourth quarter of 2025, pending shareholder approval.
Dogehash Brings Industrial Mining Capacity
Dogehash currently operates around 2,500 advanced Scrypt ASIC miners across North America. These miners run in energy-efficient data centers and its capacity is scheduled to come online by the end of the year. Dogehash infrastructure relies on low-cost renewable energy sources. This setup helps reduce operational expenses while increasing mining efficiency.
Dogehash has focused on building out physical mining assets instead of acquiring coins directly. The company believes that owning and operating a mining fleet gives it a long-term advantage. It generates a steady supply of Dogecoin and Litecoin through direct production rather than market purchases. This model supports stable and scalable operations.
Thumzup Shifts Toward Digital Asset Strategy
Earlier this year, Thumzup raised $50 million through a secondary public offering. The funds will be used to purchase additional mining rigs and build out a diversified crypto portfolio. The board also authorized a plan to expand its digital asset holdings to $250 million. Allocations include Dogecoin, USD Coin, XRP, and other high-liquidity tokens.
This broader strategy supports Thumzup’s transformation into a digital-asset infrastructure firm. The company now seeks to combine treasury management, mining operations, and payments innovation under one platform. By absorbing Dogehash, it gains access to proven mining capabilities and scalable infrastructure.
Combined Entity Targets Dogecoin Leadership
The new entity aims to become the world’s leading Dogecoin mining platform. It will continue to mine Litecoin alongside Dogecoin using Scrypt-based technology. The company plans to explore new use cases built on Dogecoin’s fast transactions and low fees. These use cases may support daily payments and rewards programs.
Once the merger is complete, the firm expects improved efficiency and higher output. The combined team brings both technical and operational experience to the mining sector.
