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Trump Family Expands Crypto Engagements as Thumzup Pivots into Dogecoin Mining
According to CoinDesk, the Trump family's involvement in the cryptocurrency sector continues to grow, with Dogecoin now becoming a part of their expanding portfolio. Thumzup Media Corp., where Donald Trump Jr. is a major shareholder, has announced the acquisition of Dogehash Technologies through an all-stock transaction. This move marks Thumzup's strategic shift from digital marketing to large-scale crypto mining.
The acquisition will result in the company being renamed Dogehash Technologies Holdings, Inc., and it will be listed on Nasdaq under the ticker XDOG, pending shareholder approval later this year. Dogehash operates approximately 2,500 Scrypt-ASIC miners in renewable energy-powered data centers across North America and plans further expansion in 2026. Unlike companies that simply purchase coins to inflate their balance sheets, Dogehash has invested in its own infrastructure, allowing for direct participation in Dogecoin and Litecoin block rewards.
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| Transaction Details | Value |
|---|---|
| Dogehash Shareholders Receive | 30.7 million Thumzup shares |
| Transaction Valuation | $153.8 million (based on closing share price) |
| Thumzup Stock Price Drop | 41% to $5.01 |
The deal follows Thumzup's $50 million stock issuance in July, which was intended to fund mining expansion and the accumulation of digital assets. The company also plans to utilize the Dogecoin Layer-2 solution DogeOS to invest in DeFi products, aiming to increase miner yields beyond standard block rewards.
This development further extends the Trump family's crypto empire. Earlier this year, Eric Trump and Donald Jr. launched American Bitcoin in partnership with Hut 8, which operates over 60,000 miners. Additionally, World Liberty Financial, another Trump-backed entity, completed a $1.5 billion transaction with Nasdaq-listed ALT5 Sigma, bringing its WLFI token into the company's treasury.
"Dogehash operates with renewable energy-powered data centers and plans to expand its crypto mining activities, focusing on Dogecoin and Litecoin." – CoinDesk
- Thumzup pivots from digital marketing to industrial-scale crypto mining.
- Dogehash brings 2,500 Scrypt-ASIC miners and renewable energy infrastructure.
- Trump family continues to expand its presence in the crypto sector.
Infobox: The Trump family's crypto activities now include Dogecoin mining, with Thumzup's $153.8 million acquisition of Dogehash Technologies and plans for further expansion and DeFi integration. (Source: CoinDesk)
Thumzup Acquires Dogehash Technologies to Lead Dogecoin Mining Platforms
CryptoMonday reports that Thumzup Media Corporation has announced the acquisition of Dogehash Technologies, a pioneering provider of Dogecoin mining solutions, through a share transaction. Thumzup, previously known for its influencer-driven social media advertising platform, has been planning its entry into the blockchain world for months. With this acquisition, Thumzup aims to position itself at the center of the Dogecoin ecosystem.
Dogehash is recognized for its highly efficient Dogecoin mining software and specialized hardware clusters. The merger brings together Thumzup's extensive media reach and user community with Dogehash's technical expertise and infrastructure, immediately making Thumzup a leading player in cryptocurrency mining. Instead of cash, Thumzup will issue new shares to Dogehash shareholders, integrating them into the larger corporate structure. While financial details were not disclosed, sources close to the deal suggest the valuation reflects the recent rise in Dogecoin and growing interest in decentralized, meme-driven markets.
- Thumzup plans to integrate Dogecoin mining directly into its flagship platform.
- Influencers and everyday users may soon earn Dogecoin through social engagement and advertising campaigns.
- Dogehash's mining pools and cloud services will continue under a unified brand, now supported by Thumzup's resources.
- New products, including mobile apps and browser extensions, are planned to further increase participation in Dogecoin mining.
By combining media presence with crypto infrastructure, Thumzup differentiates itself from traditional mining companies, which often struggle with public perception and platform engagement. This merger presents a rare opportunity for both brands to cross-pollinate and maximize value. The deal could also spark a new trend in "MemeFi"—the fusion of meme coins and innovative financial platforms. If successful, Thumzup's full acquisition may inspire other advertising giants to pursue partnerships or vertical integration into the blockchain sector.
Infobox: Thumzup's acquisition of Dogehash Technologies positions the company as a major player in Dogecoin mining, with plans to integrate mining into its social media platform and launch new products to boost user participation. (Source: CryptoMonday)
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