Thumzup Media, a digital marketing firm with strong ties to the Trump family, is making headlines by acquiring Dogehash Technologies in a major all-stock deal. This move positions Thumzup to create what could become the world’s largest Dogecoin mining platform. Dogehash shareholders are set to receive 30.7 million shares of Thumzup in exchange for all their holdings, and the merged company will be renamed Dogehash Technologies Holdings, trading under the new ticker XDOG once the deal closes. The transaction is expected to finalize in the fourth quarter, pending shareholder and regulatory approval.

Dogehash Technologies currently operates about 2,500 Scrypt ASIC miners across North America, focusing on mining Dogecoin and Litecoin. The company’s operations are anchored in a renewable energy-powered data center, with ongoing plans to expand further and scale production through 2026. This focus on sustainable energy not only lowers costs but also positions Dogehash as a forward-thinking player in the mining industry.

A key element of the merged platform’s strategy involves leveraging Dogecoin Layer-2 solutions and integrating staking through DeFi products in the DogeOS ecosystem. This approach aims to increase miner profitability and generate additional yields, moving beyond just traditional mining rewards.

For Thumzup, the acquisition marks a dramatic strategic shift. Until recently, the Los Angeles-based firm was best known for its digital platform that rewards users for social media brand promotion. Earlier this year, Thumzup began building a crypto treasury, acquiring Bitcoin and now holding over 19 BTC. The entry into large-scale mining marks a bold next step.

The Trump family influence around Thumzup has drawn attention, particularly after Donald Trump Jr. purchased 350,000 shares, further aligning the family with the growing digital asset sector. The acquisition not only highlights Thumzup’s ambitions in cryptocurrency but also underscores the increasing intersection of political influence and the crypto ecosystem. As the newly branded Dogehash Technologies Holdings aims to become a mining powerhouse, all eyes are on how this high-profile merger will reshape the landscape for Dogecoin and beyond.