BlockBeats reported on August 19 that Thumzup (NASDAQ ticker: TZUP) will acquire Dogehash Technologies in an all-stock deal. This acquisition appears to be one of Thumzup's moves toward a new direction in cryptocurrency mining.
Dogehash is an industrial-scale blockchain mining company focused on the Scrypt algorithm used by Dogecoin and Litecoin. According to the terms of the agreement, shareholders of Dogehash will exchange all their holdings for 30.7 million shares of Thumzup. The company will be renamed 'Dogehash Technologies Holdings, Inc.' and will trade on NASDAQ under the new stock code 'XDOG'. The transaction is expected to be completed by the end of this year.
Note: Donald Trump Jr., the eldest son of Trump, disclosed in July 2025 that he purchased 350,000 shares of Thumzup, valued at approximately 3.3 million to 4.3 million dollars, based on recommendations from his investment advisor. He has no operational or advisory role in the company, serving only as a shareholder.
