dogehash

According to PRNewswire, Thumzup Media Corporation, a social media company invested in by Donald Trump Jr. that holds cryptocurrency reserves, announced the acquisition of the Dogecoin and Litecoin mining company Dogehash. Following the completion of the transaction, Dogehash will become a wholly-owned subsidiary and will undergo a rebranding.In addition, Thumzup also disclosed that it holds assets valued at $52 million as of the end of the third quarter.

ChainCatcher news, Donald Trump Jr. has announced that Thumzup Media Corporation, a social media company he invested in that holds cryptocurrency reserves, has injected $2.5 million into DogeHash Technologies. This funding is expected to be used to expand DogeHash's Dogecoin mining capabilities and accelerate the deployment of its next-generation ASIC miners, which may support an additional 500 ASIC miners.

ChainCatcher news, according to The Block, Thumzup (NASDAQ: TZUP) will acquire Dogehash Technologies in an all-stock deal. This acquisition appears to be one of Thumzup's moves towards 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, Dogehash's shareholders will exchange all their shares for 30.7 million shares of Thumzup. The company will be renamed "Dogehash Technologies Holdings, Inc." and will trade on NASDAQ under the new ticker symbol "XDOG." The transaction is expected to be completed by the end of this year.It is reported that 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, based on a recommendation from an investment advisor. He has no operational or advisory role in the company, serving only as a shareholder.