Ekaterina Bogatyreva
Thumzup Media Corporation (Nasdaq: TZUP) has signed agreements to acquire Dogehash Technologies, Inc. in an all-stock transaction. Following the merger, the combined company will be renamed Dogehash Technologies Holdings, Inc. and trade on Nasdaq under the ticker symbol “XDOG.” Closing of the deal is expected in the fourth quarter of 2025, subject to shareholder approval and standard conditions.
Dogehash operates large-scale blockchain infrastructure focused on mining, primarily Dogecoin and Litecoin. The company currently runs about 2,500 ASIC miners in North America, with plans to expand its fleet later this year and into 2026. The combined business will focus on becoming a leading Dogecoin mining platform, supported by Layer-2 integrations within the DogeOS ecosystem.
Dogecoin remains one of the largest cryptocurrencies by market value, known for fast transactions, low fees, and steady issuance. These characteristics support stable mining economics, which Dogehash plans to strengthen further through new infrastructure and staking in decentralized finance products.
As part of its broader crypto strategy, Thumzup recently raised $50 million, with funds allocated to expand mining capacity and build digital asset holdings.
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