Thumzup acquires Dogehash through an all-stock deal, forming Dogehash Technologies Holdings, Inc. with a Nasdaq listing under ticker XDOG.
Dogehash operates 2,500 Scrypt ASIC miners in North America with expansion plans, focusing on Dogecoin and Litecoin block reward production.
The merged firm will leverage Dogecoin Layer-2 staking and DeFi integration within DogeOS to strengthen miner economics and enhance revenue streams.
Dogehash is set to become a publicly traded crypto mining company after entering an all-stock acquisition deal with Thumzup Media Corporation. The transaction positions the combined company as a dedicated utility-scale Dogecoin mining platform with a digital assets treasury strategy.
Thumzup and Dogehash Agreement
Thumzup Media Corporation and Dogehash Technologies have entered into agreements for an all-stock transaction that will see Thumzup acquire Dogehash. Under the terms, Dogehash shareholders will exchange their holdings for 30.7 million Thumzup shares.
Following the closing, the combined company will be renamed Dogehash Technologies Holdings, Inc. and trade on the Nasdaq under the ticker symbol “XDOG.” The deal remains subject to shareholder approval, with completion expected in the fourth quarter of 2025.
In July 2025, Thumzup closed a $50 million all-common stock offering. A portion of these funds is earmarked for mining infrastructure expansion and digital asset accumulation, aligning with the company’s evolving treasury strategy.
Dogehash Mining Operations
Dogehash operates approximately 2,500 Scrypt ASIC miners across North America, with more units expected to be deployed before year-end. The company targets material growth in production during 2025 and into 2026.
The current fleet of rigs is among the most efficient in the industry, offering strong hash rate density and energy savings. Operations are concentrated in a renewable-powered data center, supported by satellite sites now coming online.
The combined company expects to deliver sustainable Dogecoin and Litecoin rewards at scale. Detailed mining performance metrics will be disclosed periodically once the merger closes.
Focus on Dogecoin Utility
Dogecoin continues to be widely used for fast and low-cost transactions, maintaining a large market capitalization and strong daily trading volume. Its predictable issuance model provides consistent miner economics compared to Bitcoin’s halving cycles.
The merged entity plans to integrate Dogecoin Layer-2 infrastructure through staking within the DogeOS ecosystem. This strategy is designed to enhance mining yields beyond block rewards while supporting decentralized financial applications.
“This accelerates our evolution into a digital-asset infrastructure and treasury company,” said Robert Steele, Chief Executive Officer of Thumzup. Parker Scott, Chief Executive Officer of Dogehash, added that owning mining infrastructure provides sustainable Dogecoin accumulation and long-term growth potential.
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