Thumzup Acquires Dogehash, Shifts Focus to Crypto Mining
The post Thumzup Acquires Dogehash, Shifts Focus to Crypto Mining appeared on BitcoinEthereumNews.com.
Key Points: Thumzup acquires Dogehash in an all-stock deal this year. Company pivots to Dogecoin, Litecoin mining. Donald Trump Jr. holds 350,000 shares, valued at $3.3-$4.3 million. Thumzup Media Corporation (NASDAQ: TZUP) has entered into an all-stock acquisition agreement to purchase Dogehash Technologies, pivoting its focus on cryptocurrency mining, effective by late 2025. This acquisition reflects Thumzup’s strategic shift towards digital asset infrastructure, potentially enhancing its market position in renewable energy-powered Scrypt mining techniques. Thumzup Transitions to Crypto Mining with Dogehash Acquisition This marks a significant strategic pivot for Thumzup toward cryptocurrency mining, focusing on Dogecoin and Litecoin. Thumzup’s acquisition of Dogehash Technologies in an all-stock deal signifies a major business model shift. Thumzup will transition from digital marketing to large-scale crypto mining. Dogehash will add its expertise in Scrypt-based mining, used by Dogecoin and Litecoin. The newly formed company, Dogehash Technologies Holdings, Inc., will focus on expanding mining capabilities and renewable energy usage. “This accelerates our evolution from a digital-marketing platform into a diversified digital-asset infrastructure and treasury company. Dogehash brings world-class mining expertise, low-cost renewable power and access to cutting-edge Scrypt miners. Our vision is not only to mine Dogecoin and Litecoin efficiently but also to explore utility-driven use cases that leverage Dogecoin’s fast settlement and low fees for everyday payments and rewards.” – Robert Steele, CEO, Thumzup Media Corporation The implications of this business move Did you know? Dogecoin was originally created as a joke but has gained significant traction as a cryptocurrency with real-world applications. Dogecoin (DOGE), according to CoinMarketCap, currently trades at $0.21, with a market cap of approximately $31.91 billion and a 24-hour trading volume of about $2.91 billion, reflecting a 5.78% decrease. Over the past 60 days, DOGE saw a notable increase of 31.08%, despite recent declines. Its maximum supply remains infinite, offering…
Filed under: News - @ August 20, 2025 2:27 am