Thumzup, associated with Trump Jr., ventures into Dogecoin and Litecoin mining through a partnership with Dogehash.

Thumzup Media Corporation Partners with Dogehash Technologies

Thumzup Media Corporation, linked to Donald Trump Jr.’s Dogehash Technologies, made an announcement on Tuesday regarding their foray into mining operations for Dogecoin and Litecoin. This collaboration, involving all share trading, reflects a strategic move within the digital asset finance sector.

The announcement revealed that Dogehash shareholders will exchange their holdings for 30.7 million shares in Thumzup, leading to the creation of a new entity named Dogehash Technologies Holdings, Inc.

Expected to launch on NASDAQ under the symbol “XDOG,” this entity aims for a closing by the fourth quarter of 2025.

Notably, this venture has garnered interest from investors similar to those who backed companies like Uber and Venmo, entering a market valued at approximately $1.8 trillion. Shares are being offered at $2.90 each, which seems quite accessible for potential investors.

Currently, Dogehash operates around 2,500 Scrypt ASIC miners in North America, with plans for expansion throughout 2026. The mining operations predominantly utilize renewable energy in their data centers, supported by several additional sites.

This fleet is designed to yield essential Dogecoin and Litecoin block rewards while maintaining efficient operational costs. The collaboration follows Thumzup’s previous $50 million all-stock transaction in July, which aimed to bolster infrastructure and accumulate digital assets.

Robert Steele, CEO of Thumzup, remarked on the significant shift from a digital marketing platform to a broader range of digital asset infrastructure and finance. He emphasized that Dogehash brings valuable mining expertise and low-cost renewable energy while maintaining access to advanced Scrypt miners.

Parker Scott, CEO of Dogehash, highlighted that the merger underscores a commitment to utility-scale mining. He noted that instead of merely purchasing cryptocurrency, the focus is on developing mining infrastructure. By managing their ASICS fleet, they can generate direct revenue from production, establishing a sustainable source for Dogecoin.

This partnership also taps into Dogecoin’s Layer-2 Staking Infrastructure through the DoGeos ecosystem to enhance returns beyond just block rewards. Once shareholders approve the transaction, it positions Thumzup-Dogehash as a leading player in dedicated Dogecoin mining, specifically focusing on digital asset production and accumulation.