Thumzup Transforms into Leading Dogecoin Force, Sets Sights on XDOG Listing

Thumzup Media Corporation has made a pivotal move in its transformation from a digital marketing agency into a multi-faceted

infrastructure and treasury organization by unveiling a $153.8 million all-share acquisition of Dogehash Technologies, a prominent mining enterprise. Under the terms of the agreement, Thumzup will issue 30.7 million shares to acquire all of Dogehash, with the merged business set to adopt the name Dogehash Technologies Holdings, Inc. and seek Nasdaq listing under the ticker symbol XDOG. This transaction comes on the heels of Thumzup’s $50 million fundraising round in August 2025 at $10 per share, which is intended to fuel its entry into Dogecoin mining and digital asset growth.

By acquiring Dogehash, Thumzup will incorporate large-scale mining operations into its expanding business lines. Dogehash currently runs around 2,500 Scrypt ASIC miners across North America, and additional equipment is planned for deployment later in 2025. The company aims to further grow its miner fleet throughout 2025 and into 2026, prioritizing renewable-powered data centers. This newly formed company is expected to generate substantial Dogecoin and

block rewards, taking advantage of cost-effective and reliable infrastructure to enhance productivity. Comprehensive performance metrics will be released following the closure of the deal to ensure transparency regarding operations.

CEO Robert Steele and the leadership team at Thumzup have highlighted plans to utilize Dogecoin’s rapid transaction speeds and minimal fees for real-world applications such as daily transactions and loyalty rewards. “We aim not only to mine Dogecoin and Litecoin with high efficiency but also to develop practical solutions that utilize Dogecoin’s quick finality and low cost for everyday transactions and incentives,” said Steele. Dogehash’s CEO, Parker Scott, noted that the merger positions the company to lead in environmentally conscious Dogecoin mining and infrastructure, with a strategy focused on steady, long-term accumulation of digital assets.

Incorporating Dogecoin's Layer-2 protocol, DogeOS, is anticipated to boost mining profitability and expand returns through decentralized finance (DeFi) offerings. This addition is designed to strengthen competitiveness within the Dogecoin community and open up new sources of revenue beyond mining rewards. The newly combined firm will also leverage Thumzup’s comprehensive treasury management, which includes

, Dogecoin, Litecoin, , Ripple, , and USD Coin. The allocation of capital will remain focused on optimizing energy use, scaling operations, and building robust infrastructure.

Looking forward, the completion of this deal hinges on shareholder approval, anticipated by the last quarter of 2025. Upon approval, the business plans to move forward with its Nasdaq listing as XDOG. The emergence of Dogecoin ETFs is expected to broaden institutional involvement, seen as a significant force for mainstream adoption and future growth. The joint entity’s success in executing its expansion and operational strategies will rely on effective management of logistics, energy procurement, and technology upgrades.