Trump-Linked Thumzup to Take Over Dogecoin Mining Operation

Thumzup Media, a Nasdaq-listed company with ties to the Trump family, has announced plans to acquire Dogehash Technologies in an all-stock deal. The merger will create what the firms describe as the world’s largest Dogecoin mining platform, leveraging both large-scale ASIC mining operations and Dogecoin’s Layer-2 infrastructure through DeFi staking.

Once the deal closes, the combined entity will be renamed Dogehash Technologies Holdings and will trade under the ticker XDOG. The transaction is expected to be completed in the fourth quarter of 2025, pending shareholder approval and regulatory clearance.

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Key Takeaways

• Thumzup is acquiring Dogehash to build the world’s largest Dogecoin mining platform.
• Dogehash currently operates 2,500 Scrypt ASIC miners across North America.
• The merger will integrate Dogecoin Layer-2 staking via DogeOS to enhance efficiency.
• Trump family members, including Donald Trump Jr., are among Thumzup’s backers.
• The combined firm will trade on Nasdaq under the ticker XDOG.

Dogehash Mining Expansion Plans

Dogehash currently runs about 2,500 Scrypt ASIC miners across North America, producing Dogecoin and Litecoin. The company plans to expand its fleet through the rest of 2025 and into 2026, with an emphasis on renewable-energy-powered data centers. By scaling its production capacity, Dogehash aims to secure a dominant position in the Dogecoin mining sector.

Executives highlighted that the merger goes beyond expanding hardware. By leveraging DogeOS, a Layer-2 DeFi infrastructure built around Dogecoin, the company expects to improve mining economics through staking products and generate higher yields than traditional block rewards alone.

The Trump Connection

Thumzup’s pivot to crypto infrastructure has attracted significant attention due to its links to the Trump family. In July, Donald Trump Jr. purchased 350,000 Thumzup shares worth nearly $3.3 million at the time, positioning the family as early backers of its growing digital asset ambitions.

The deal also comes after Thumzup raised $50 million in July, earmarked for mining expansion and digital asset strategies. The board further approved up to $250 million in holdings spanning Bitcoin, Dogecoin, Litecoin, Solana, XRP, Ether and USDC.

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From Marketing to Mining

Originally recognized as a digital marketing platform that rewarded users for promoting brands on social media, Thumzup has shifted focus toward digital asset infrastructure. Its acquisition of Dogehash represents a sharp transformation into a player in the crypto mining sector, with Dogecoin at its core.

CEO Robert Steele said the acquisition would accelerate Thumzup’s transformation and solidify its new role in digital assets. Dogehash’s Parker Scott added that unlike speculative firms, Dogehash has invested directly in mining infrastructure, creating ongoing revenue streams from production.

Final Thoughts

The Thumzup-Dogehash merger highlights a new chapter for Dogecoin mining. By combining large-scale ASIC infrastructure with Dogecoin’s emerging Layer-2 staking protocols, the partnership seeks to enhance mining efficiency and yield potential. 

With strong financial backing and political visibility, the deal signals Dogecoin’s continued role as a serious player in the broader crypto market.

Read Also: Dogecoin and XRP Dip as Crypto Market Sees Over $500M Liquidations

FAQs

What is Thumzup’s acquisition of Dogehash about?

Thumzup is acquiring Dogehash Technologies in an all-stock deal to form the world’s largest Dogecoin mining platform.

How will Dogecoin Layer-2 staking be used?

The merger plans to integrate DogeOS, a Layer-2 DeFi protocol, to boost mining efficiency and provide higher yields beyond block rewards.

What happens after the merger closes?

The combined company will be renamed Dogehash Technologies Holdings and trade on Nasdaq under the ticker XDOG.

Why is the Trump family involved?

Donald Trump Jr. purchased 350,000 shares of Thumzup in July 2025, making the family notable backers of the company’s crypto ambitions.

What assets does Thumzup plan to hold?

Beyond Dogecoin, Thumzup has allocated funds for holdings in Bitcoin, Litecoin, Solana, XRP, Ether, and USDC.