Key takeout
1. Get: Thumzup Media acquires Dogehash Technologies in full stock trading (30.7m Tzup Co.).
2. Brands and Listings: Dogehash is renamed Degohash Technologies Holdingsticker XDOG On the Nasdaq.
3. Mining Ops: Dogehash operates ~2,500 Scrypt ASIC miners on renewable-equipped sites in North America.
4. Strategic Pivot: Thumzup shift from digital marketing to Crypto Infrastructure & Treasury Management.
5. Ministry of Finance Expansion: $250 million approved to accumulate BTC, ETH, SOL, XRP, LTC, DOGE and USDC.
6. Key shareholders: Donald Trump Jr. has invested $3.3 million in Thumzup shares and remains a prominent stakeholder.
7. vision: It focuses on the scaling of sustainable Doge & LTC production, renewable energy, and corporate crypto adoption.
8. Timeline: Trades expected to close Q4 2025is subject to approval.
Thumzup Media, a California-based digital marketing-turned finance company, has announced plans to acquire Dogecoin (Doge) Miner Dogehash Technologies as part of its strategic expansion into the digital asset sector.
The move comes a week after President Donald Trump Jr., the eldest son of President Donald Trump, raised $50 million in common stock to buy mining rigs and set up a multi-asset treasury department to accumulate Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, Litecoin (Ltc), XRP and Litecoin (Ltc).
Trump’s family-backed Tum’s Up Media has acquired Dogehash of Dogecoin Minor in all-stock trading
According to a joint statement released on Tuesday, All Stock Transaction Agreement Dogehash shareholders’ holdings will be exchanged for a total of 30 million shares of Thumzup’s Tzup shares. Minor will be renamed DeGohash Technologies Holdings and Trade on the NASDAQ Stock Exchange under the ticker symbol “XDOG”.
Thumzup CEO Robert Steele said the partnership will accelerate the company’s evolution from a digital marketing platform to a “diverse” digital asset infrastructure and finance company. He added that Dogehash will bring “world-class” mining expertise, low-cost renewable power, and access to “state-of-the-art” Scrypt Miner, which produces assets such as Doge and LTC.
Steele said his company is seeing an opportunity for him to adopt the fast, low-cost payments tier of Dogcoin to build a vertically integrated ecosystem that combines scalable infrastructure, renewable energy production and utility-driven applications.
Dogehash operates around 2,500 Scrypt ASIC Miners across North America and plans to roll out additional units later this year. The company’s DOGE and LTC mining farms are based in renewable energy management data centres, with additional secondary satellite sites being added.
Commenting on the acquisition, Dogehash CEO Parker Scott said miners are suitable to leverage the growing company’s recruitment and innovation of major memo coins in blockchain technology.
He emphasized that Dogehash is unique compared to other companies that simply purchase crypto assets for the Ministry of Finance by investing in mining infrastructure and owning and operating their own fleets. ASIC mining riggenerates revenue directly from production. Scott says this will help create a “continuous and sustainable” source that will burn “organic accumulation” for years to come.
Thumzup Board Approves $250 Million to Purchase BTC, ETH, XRP, SOL, LTC, DOGE and USDC
Founded in 2020, Thumzup Media is a Los Angeles-based online marketing company that pays social media users to promote various brands to their followers via the ADTECH app. The company pivoted on a crypto-centric corporate strategy earlier this year, buying Bitcoin for the Treasury Department, allowing users to pay BTC. As of July 2025, the NASDAQ registered companies own 19.1 Bitcoin, worth $2.16 million at the time of press. Last month, the Thumzup board approved $250 million to add Doge, XRP, SOL, ETH, LTC and USDC to its finances.
According to a recent US Securities and Exchange Commission (SEC) filing, Donald Trump Jr. bought about 350,000 shares For the company, it costs $3.3 million. He was also listed among 11 individuals and corporate shareholders seeking to offload 3.25 million TZUP shares of secondary shares to raise funds for Thumzup’s Crypto Transition.
Thumzup has now joined several publicly traded American companies following the Software Corporate Strategy (formerly Micro Strategy) playbook, owned by Michael Saylor, which adds Bitcoin and other crypto assets to its finances.
The agreement between Thumzup and Dogehash is expected to be finalized in the fourth quarter of 2025 subject to customary terms and shareholder approval. Upon closing, the companies will bid to turn Degohash Technologies into a major dogcoin mining platform and offer robust yields to the world’s largest memocoin miners by market capitalization.
At the time of writing, Dogecoin (Doge) is trading at $0.2128, a 2.98% decline in the last 24 hours.