The family of U.S. President Donald Trump is expanding its %Cryptocurrency investments to now include %Dogecoin (CRYPTO: $DOGE).
%Thumzup Media Corp. (NASDAQ: $TZUP), which counts Donald Trump Jr., the president's son, as a major shareholder, said it will acquire %Dogehash Technologies in an all-stock deal.
The move pivots Thumzup Media from digital marketing to cryptocurrency mining, specifically mining for Dogecoin.
Under the agreement, Dogehash shareholders will receive 30.7 million Thumzup shares, valuing the transaction at $153.8 million U.S.
The combined company will rebrand as Dogehash Technologies and list on the Nasdaq stock exchange under the ticker symbol "XDOG."
Dogehash operates about 2,500 crypto miners across renewable-powered data centres in North America, with plans to add more rigs in 2026.
In a news release announcing the deal, Dogehash said it invests in its own infrastructure, giving it direct exposure to Dogecoin and also %Litecoin (CRYPTO: $LTC).
The deal comes on the heels of Thumzup's $50 million U.S. stock offering in July, earmarked for mining expansion and digital asset accumulation.
This new deal adds to the Trump family's expanding cryptocurrency empire.
Eric Trump and Don Jr. launched American Bitcoin earlier this year with Hut 8, which has over 60,000 crypto miners currently operational.
Thumzup stock has declined 45% to $5.01 U.S. a share since going public in 2022.
COMTEX_468184847/2848/2025-08-20T10:41:43
