4 hours ago
Thumzup Media Corp. (TZUP), which counts Donald Trump Jr. arsenic a ample shareholder, said it volition get Dogehash Technologies, Inc. successful an all-stock deal, pivoting from integer selling into industrial-scale crypto mining
Under the agreement, Dogehash shareholders volition person 30.7 cardinal Thumzup shares, according to a Tuesday release, valuing the transaction astatine $153.8 million, based connected the shares' closing price. The combined institution volition rebrand arsenic Dogehash Technologies Holdings, Inc. and database connected Nasdaq nether the ticker XDOG, pending shareholder support aboriginal this year.
Dogehash operates astir 2,500 Scrypt ASIC miners crossed renewable-powered information centers successful North America, with plans to standard up further successful 2026. Unlike firms that pad their equilibrium sheets by simply buying coins, Dogehash has invested successful its ain infrastructure, giving it nonstop vulnerability to dogecoin (DOGE) and litecoin (LTC) artifact rewards astatine a little outgo base.
The woody comes connected the heels of Thumzup’s $50 cardinal banal offering successful July, earmarked for mining enlargement and integer plus accumulation. The institution says it volition besides usage Dogecoin’s DogeOS furniture 2 to involvement successful DeFi products, aiming to boost miner returns beyond modular rewards.
This caller woody adds to the Trump family's expanding crypto empire. Eric Trump and Donald Jr. launched American Bitcoin earlier this twelvemonth with Hut 8, which has implicit 60,000 miners.
Meanwhile, World Liberty Financial, different Trump-backed venture, struck a $1.5 cardinal woody with Nasdaq-listed ALT5 Sigma to inject its WLFI token into the firm’s treasury.
Thumzup banal fell 41% to $5.01 connected Tuesday.
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