Thumzup to acquire Dogehash in all-stock transaction

Thumzup (TZUP) and Dogehash Technologies announced the entry into a series of agreements under which Thumzup will acquire Dogehash in an all-stock transaction. Dogehash is an industrial-scale blockchain infrastructure company focused exclusively on mining Scrypt-algorithm assets such as Dogecoin and Litecoin. The combined company aims to become the world’s leading Dogecoin mining platform and will leverage Dogecoin Layer-2 infrastructure via staking in DeFi products within the DogeOS ecosystem to enhance miner economics and amplify yield beyond base block rewards. DogeHash currently has an operating fleet of approximately 2,500 Scrypt ASIC miners in North America and has additional units expected to be placed in service later this year with the goal of materially increasing its production by year end and throughout 2026. Under the terms of the agreement, Dogehash shareholders will exchange 100% of their holdings for 30.7M shares of Thumzup stock and the company will be renamed Dogehash Technologies and trade on the Nasdaq Stock Market under the new symbol (XDOG). Closing of the transaction is subject to various customary terms and conditions, including shareholder approval, expected in the fourth quarter of 2025. In July, Thumzup completed a $50M offering to expand its crypto strategies, a portion of which would be deployed to buy mining rigs and accumulate digital assets.