Trump Family Expands Crypto Bets as Thumzup Pivots Into Dogecoin Mining

Thumzup Media Corp. (TZUP), which counts Donald Trump Jr. as a big shareholder, stated it’s going to purchase Dogehash Technologies, Inc. in an all-stock deal, pivoting from digital advertising and marketing into industrial-scale crypto mining

Under the settlement, Dogehash shareholders will obtain 30.7 million Thumzup shares, in keeping with a Tuesday launch, valuing the transaction at $153.8 million, based mostly on the shares’ closing worth. The mixed firm will rebrand as Dogehash Technologies Holdings, Inc. and record on Nasdaq beneath the ticker XDOG, pending shareholder approval later this 12 months.

Dogehash operates about 2,500 Scrypt ASIC miners throughout renewable-powered knowledge facilities in North America, with plans to scale up additional in 2026. Unlike companies that pad their stability 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 growth and digital asset accumulation. The firm says it’s going to additionally use Dogecoin’s DogeOS layer 2 to stake in DeFi merchandise, aiming to spice up miner returns past normal rewards.

This new deal provides to the Trump household’s increasing crypto empire. Eric Trump and Donald Jr. launched American Bitcoin earlier this 12 months with Hut 8, which has over 60,000 miners.

Meanwhile, World Liberty Financial, one other Trump-backed enterprise, struck a $1.5 billion cope with Nasdaq-listed ALT5 Sigma to inject its WLFI token into the agency’s treasury.

Thumzup inventory fell 41% to $5.01 on Tuesday.