Thumzup Media Corp. (Tzup)which counts Donald Trump Jr. as a big shareholder, mentioned it can purchase Dogehash Applied sciences, Inc. in an all-stock deal, pivoting from digital advertising into industrial-scale crypto mining
Beneath the settlement, Dogehash shareholders will obtain 30.7 million Thumzup shares, in accordance with a Tuesday launchvaluing the transaction at $153.8 million, based mostly on the shares’ closing value. The mixed firm will rebrand as Dogehash Applied sciences Holdings, Inc. and listing on Nasdaq below the ticker XDOG, pending shareholder approval later this yr.
Dogehash operates about 2,500 Scrypt ASIC miners throughout renewable-powered knowledge facilities in North America, with plans to scale up additional in 2026. Not like companies that pad their steadiness sheets by merely shopping for cash, Dogehash has invested in its personal infrastructure, giving it direct publicity to dogecoin
and litecoin block rewards at a decrease price base.
The deal comes on the heels of Thumzup’s $50 million inventory providing in July, earmarked for mining enlargement and digital asset accumulation. The corporate says it can additionally use Dogecoin’s DogeOS layer 2 to stake in DeFi merchandise, aiming to spice up miner returns past commonplace rewards.
This new deal provides to the Trump household’s increasing crypto empire. Eric Trump and Donald Jr. launched American Bitcoin earlier this yr with Hut 8, which has over 60,000 miners.
In the meantime, World Liberty Monetary, one other Trump-backed enterprise, struck a $1.5 billion take care of Nasdaq-listed ALT5 Sigma to inject its WLFI token into the agency’s treasury.
Thumzup inventory fell 41% to $5.01 on Tuesday.
