Thumzup Media Corp. (Tzup)There counts Donald Trump Jr. As a major shareholder, it said it will acquire Dogehash Technologies, Inc. In an All-Stock Deal that turns from digital marketing to industrial scale crypto mining
Under the agreement, the Doghash shareholders will receive 30.7 million Thumzup shares, according to a Tuesday release evaluating the transaction to $ 153.8 million, based on the shares’ closure price. The combined company will redirect like Dogehash Technologies Holdings, Inc. And list of Nasdaq under Ticker XDog, pending shareholder approval later this year.
Dogehash drives about 2,500 SCrypt ASIC-Mine Workers across persistently driven data centers in North America with plans to scale up further by 2026. Unlike companies that pad their balance by mere
and Litecoin Block Rewards for a lower cost base.
The deal comes on the heels of Thumzup’s $ 50 million offerings in July, earmarked for mining and accumulation of digital asset. The company says it will also use Dogecoin’s Dogeos Layer 2 to be included in DEFI products with the aim of increasing mines returns beyond standard rewards.
This new deal adds the Trump family’s expanding crypto empire. Eric Trump and Donald Jr. Launched American Bitcoin earlier this year with HUT 8, which has over 60,000 miners.
Meanwhile, World Liberty Financial, another Trump-backed venture, entered into a $ 1.5 billion deal with Nasdaq-listed Alt5 Sigma to inject his WLFI token into the company’s treasury.
The Thumzup share fell 41% to $ 5.01 on Tuesday.
