{"id":876900,"date":"2025-08-19T06:32:08","date_gmt":"2025-08-19T10:32:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/thumzup-to-acquire-dogehash-technologies-inc-a-leader-in-doge-digital-asset-mining\/"},"modified":"2025-08-19T06:32:08","modified_gmt":"2025-08-19T10:32:08","slug":"thumzup-to-acquire-dogehash-technologies-inc-a-leader-in-doge-digital-asset-mining","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/thumzup-to-acquire-dogehash-technologies-inc-a-leader-in-doge-digital-asset-mining\/","title":{"rendered":"Thumzup to Acquire Dogehash Technologies, Inc., a Leader in DOGE Digital Asset Mining"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<ul type=\"disc\">\n<li>\n          <i>Dogehash to become a publicly traded <span>crypto<\/span> mining company dedicated to utility-scale <span>Dogecoin<\/span> mining<\/i>\u00a0<i>and digital assets treasury strategy<\/i><\/li>\n<li>\n          <i>Recent <span class=\"xn-money\">$50 million<\/span> all common stock offering to provide capital for mining and related infrastructure expansion,\u00a0<span>digital asset<\/span> accumulation, and <span>digital asset<\/span> treasury strategy<\/i>\n        <\/li>\n<\/ul>\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">LOS ANGELES<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Aug. 19, 2025<\/span><\/span> \/PRNewswire\/ &#8212;\u00a0<u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4491086-1&amp;h=2896500535&amp;u=https%3A%2F%2Fwww.thumzupmedia.com%2F&amp;a=Thumzup+Media+Corporation\" target=\"_blank\" rel=\"nofollow\">Thumzup Media Corporation<\/a><\/u> (&#8220;Thumzup&#8221; or the &#8220;Company&#8221;) (Nasdaq: TZUP) and Dogehash Technologies, Inc. (&#8220;DogeHash&#8221;) today jointly announced the entry into a series of agreements under which Thumzup will acquire Dogehash in an all-stock transaction. Dogehash is an industrial\u2011scale blockchain infrastructure company focused exclusively on mining Scrypt\u2011algorithm assets such as <span>Dogecoin<\/span> and <span>Litecoin<\/span>. The combined company aims to become the world&#8217;s leading <span>Dogecoin<\/span> mining platform and will leverage <span>Dogecoin<\/span> Layer-2 infrastructure via staking in <span>DeFi<\/span> products within the DogeOS ecosystem to enhance miner economics and amplify yield beyond base block rewards.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/2605156\/Thumzup_Logo.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/2605156\/Thumzup_Logo.jpg\" title=\"Thumzup logo (PRNewsfoto\/Thumzup Media Corporation)\" alt=\"Thumzup logo (PRNewsfoto\/Thumzup Media Corporation)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>DogeHash currently has an operating fleet of approximately 2,500 Scrypt <span>ASIC<\/span> miners in <span class=\"xn-location\">North America<\/span> 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. The existing fleet of mining rigs includes units with best-in-class hash rate density and energy efficiency in the Scrypt mining industry.<\/p>\n<p>Dogehash&#8217;s mining operations are concentrated at a renewable-energy data center in <span class=\"xn-location\">North America<\/span>, with secondary satellite sites now onboarding. The combined fleet is expected to deliver significant <span>Dogecoin<\/span> and <span>Litecoin<\/span> block rewards with a low-cost, high-uptime footprint. Detailed KPIs (performance metrics) will be reported periodically after the closing.<\/p>\n<p>\n        <span>Dogecoin<\/span> is among the most widely used <span>cryptocurrencies<\/span> thanks to fast block times, ultra-low transaction fees, and an inflationary but predictable issuance that resembles global fiat currency supply dynamics. It ranks among the largest <span>cryptocurrencies<\/span> by market capitalization and consistently records billions of dollars in daily trading volume. Built on a robust Layer-1, <span>Dogecoin<\/span> delivers fast, low-fee settlement for high-throughput transactions, a steady, non-halving issuance that supports stable miner economics, and Scrypt-based mining that typically delivers stronger power-to-revenue efficiency than <span>Bitcoin<\/span> mining alternatives.<\/p>\n<p>Under the terms of the agreement, Dogehash shareholders will exchange 100% of their holdings for 30.7 million shares of Thumzup stock and the company will be renamed &#8220;Dogehash Technologies Holdings, Inc.&#8221; and trade on the Nasdaq Stock Market under the new symbol &#8220;XDOG.&#8221;\u00a0 Closing of the transaction is subject to various customary terms and conditions, including shareholder approval, expected in the fourth quarter of 2025. In July\u00a02025, Thumzup completed a $50\u00a0million offering to expand its <span>crypto<\/span> strategies, a portion of which would be deployed to buy mining rigs and accumulate digital assets.<\/p>\n<p>&#8220;This accelerates our evolution from a digital\u2011marketing platform into a diversified digital\u2011asset infrastructure and treasury company,&#8221; said <span class=\"xn-person\">Robert Steele<\/span>, Chief Executive Officer of Thumzup. &#8220;Dogehash brings world\u2011class mining expertise, low\u2011cost renewable power and access to cutting\u2011edge Scrypt miners. Our vision is not only to mine <span>Dogecoin<\/span> and <span>Litecoin<\/span> efficiently but also to explore utility\u2011driven use cases that leverage <span>Dogecoin<\/span>&#8216;s fast settlement and low fees for everyday payments and rewards.&#8221;<\/p>\n<p>\n        <span class=\"xn-person\">Parker Scott<\/span>, Chief Executive Officer of Dogehash, added, &#8220;As mainstream interest in <span>Dogecoin<\/span> and <span>decentralized<\/span> technologies continues to expand, we believe we are ahead of the curve, having already built a platform and utility-scale <span>Dogecoin<\/span> mining operation. Unlike many companies that simply used their cash to buy <span>cryptocurrency<\/span>, we have invested in mining infrastructure. By owning and operating our own fleet of ASICs, we generate revenue directly from production, creating an ongoing, sustainable source of <span>Dogecoin<\/span> that fuels organic accumulation for years to come.&#8221;<\/p>\n<p>\n        <b>About Thumzup\u00ae<\/b>\n      <\/p>\n<p>Thumzup Media Corporation is pioneering a new era of digital marketing and financial innovation. In parallel with the growth of its AdTech platform, Thumzup&#8217;s Board of Directors has authorized the company to strategically expand its treasury strategy beyond <span>Bitcoin<\/span> to include leading <span>cryptocurrencies<\/span>, such as <span>Dogecoin<\/span>, <span>Litecoin<\/span>, <span>Solana<\/span>, Ripple, Ether, and USD Coin, reinforcing the Company&#8217;s commitment to financial agility and innovation.<\/p>\n<p>\n        <b>Legal Disclaimer<\/b>\n      <\/p>\n<p>This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These include, without limitation, statements about its potential growth, impacts on the advertising industry, plans for potential uplisting, and planned expansion. These statements are identified by the use of the words &#8220;could,&#8221; &#8220;believe,&#8221; &#8220;anticipate,&#8221; &#8220;intend,&#8221; &#8220;estimate,&#8221; &#8220;expect,&#8221; &#8220;may,&#8221; &#8220;continue,&#8221; &#8220;predict,&#8221; &#8220;potential,&#8221; &#8220;project&#8221; and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although the Company believes that its plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, it can give no assurances that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company&#8217;s filings with the U.S. Securities and Exchange Commission (the &#8220;SEC&#8221;), including in the Company&#8217;s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. Investors and security holders are urged to read these documents free of charge on the SEC&#8217;s website at: <a href=\"http:\/\/www.sec.gov\" rel=\"nofollow\">http:\/\/www.sec.gov<\/a>. Except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LA54334&amp;sd=2025-08-19\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/thumzup-to-acquire-dogehash-technologies-inc-a-leader-in-doge-digital-asset-mining-302533129.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/thumzup-to-acquire-dogehash-technologies-inc-a-leader-in-doge-digital-asset-mining-302533129.html<\/a><\/p>\n<p>SOURCE  Thumzup Media Corporation<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=LA54334&amp;Transmission_Id=202508190629PR_NEWS_USPR_____LA54334&amp;DateId=20250819\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire Dogehash to become a publicly traded crypto mining company dedicated to utility-scale Dogecoin mining\u00a0and digital assets treasury strategy Recent $50 million all common stock offering to provide capital for mining and related infrastructure expansion,\u00a0digital asset accumulation, and digital asset treasury strategy LOS ANGELES , Aug. 19, 2025 \/PRNewswire\/ &#8212;\u00a0Thumzup Media Corporation (&#8220;Thumzup&#8221; or the &#8220;Company&#8221;) (Nasdaq: TZUP) and Dogehash Technologies, Inc. (&#8220;DogeHash&#8221;) today jointly announced the entry into a series of agreements under which Thumzup will acquire Dogehash in an all-stock transaction. Dogehash is an industrial\u2011scale blockchain infrastructure company focused exclusively on mining Scrypt\u2011algorithm assets such as Dogecoin and Litecoin. The combined company aims to become the world&#8217;s leading Dogecoin mining platform and will leverage Dogecoin Layer-2 infrastructure &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/thumzup-to-acquire-dogehash-technologies-inc-a-leader-in-doge-digital-asset-mining\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Thumzup to Acquire Dogehash Technologies, Inc., a Leader in DOGE Digital Asset Mining&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-876900","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Thumzup to Acquire Dogehash Technologies, Inc., a Leader in DOGE Digital Asset Mining - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/thumzup-to-acquire-dogehash-technologies-inc-a-leader-in-doge-digital-asset-mining\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Thumzup to Acquire Dogehash Technologies, Inc., a Leader in DOGE Digital Asset Mining - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire Dogehash to become a publicly traded crypto mining company dedicated to utility-scale Dogecoin mining\u00a0and digital assets treasury strategy Recent $50 million all common stock offering to provide capital for mining and related infrastructure expansion,\u00a0digital asset accumulation, and digital asset treasury strategy LOS ANGELES , Aug. 19, 2025 \/PRNewswire\/ &#8212;\u00a0Thumzup Media Corporation (&#8220;Thumzup&#8221; or the &#8220;Company&#8221;) (Nasdaq: TZUP) and Dogehash Technologies, Inc. (&#8220;DogeHash&#8221;) today jointly announced the entry into a series of agreements under which Thumzup will acquire Dogehash in an all-stock transaction. Dogehash is an industrial\u2011scale blockchain infrastructure company focused exclusively on mining Scrypt\u2011algorithm assets such as Dogecoin and Litecoin. The combined company aims to become the world&#8217;s leading Dogecoin mining platform and will leverage Dogecoin Layer-2 infrastructure &hellip; Continue reading &quot;Thumzup to Acquire Dogehash Technologies, Inc., a Leader in DOGE Digital Asset Mining&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/thumzup-to-acquire-dogehash-technologies-inc-a-leader-in-doge-digital-asset-mining\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-19T10:32:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/2605156\/Thumzup_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/thumzup-to-acquire-dogehash-technologies-inc-a-leader-in-doge-digital-asset-mining\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/thumzup-to-acquire-dogehash-technologies-inc-a-leader-in-doge-digital-asset-mining\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Thumzup to Acquire Dogehash Technologies, Inc., a Leader in DOGE Digital Asset Mining\",\"datePublished\":\"2025-08-19T10:32:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/thumzup-to-acquire-dogehash-technologies-inc-a-leader-in-doge-digital-asset-mining\\\/\"},\"wordCount\":977,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/thumzup-to-acquire-dogehash-technologies-inc-a-leader-in-doge-digital-asset-mining\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/2605156\\\/Thumzup_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/thumzup-to-acquire-dogehash-technologies-inc-a-leader-in-doge-digital-asset-mining\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/thumzup-to-acquire-dogehash-technologies-inc-a-leader-in-doge-digital-asset-mining\\\/\",\"name\":\"Thumzup to Acquire Dogehash Technologies, Inc., a Leader in DOGE Digital Asset Mining - 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(&#8220;DogeHash&#8221;) today jointly announced the entry into a series of agreements under which Thumzup will acquire Dogehash in an all-stock transaction. Dogehash is an industrial\u2011scale blockchain infrastructure company focused exclusively on mining Scrypt\u2011algorithm assets such as Dogecoin and Litecoin. The combined company aims to become the world&#8217;s leading Dogecoin mining platform and will leverage Dogecoin Layer-2 infrastructure &hellip; Continue reading \"Thumzup to Acquire Dogehash Technologies, Inc., a Leader in DOGE Digital Asset Mining\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/thumzup-to-acquire-dogehash-technologies-inc-a-leader-in-doge-digital-asset-mining\/","og_site_name":"Market Newsdesk","article_published_time":"2025-08-19T10:32:08+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/2605156\/Thumzup_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/thumzup-to-acquire-dogehash-technologies-inc-a-leader-in-doge-digital-asset-mining\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/thumzup-to-acquire-dogehash-technologies-inc-a-leader-in-doge-digital-asset-mining\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Thumzup to Acquire Dogehash Technologies, Inc., a Leader in DOGE Digital Asset Mining","datePublished":"2025-08-19T10:32:08+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/thumzup-to-acquire-dogehash-technologies-inc-a-leader-in-doge-digital-asset-mining\/"},"wordCount":977,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/thumzup-to-acquire-dogehash-technologies-inc-a-leader-in-doge-digital-asset-mining\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/2605156\/Thumzup_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/thumzup-to-acquire-dogehash-technologies-inc-a-leader-in-doge-digital-asset-mining\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/thumzup-to-acquire-dogehash-technologies-inc-a-leader-in-doge-digital-asset-mining\/","name":"Thumzup to Acquire Dogehash Technologies, Inc., a Leader in DOGE Digital Asset Mining - 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