Trump family-backed, cryptocurrency treasury firm Thumzup Media is planning to acquire Dogecoin mining firm Dogehash, the companies announced Tuesday. https://t.co/63NtQVcxqT
[DECRYPT] Trump Family-Backed Thumzup to Acquire Dogecoin Mining Company $DOGE
Trump Family-Backed Thumzup to Acquire Dogecoin Mining Company ► https://t.co/imhOeyqeuW https://t.co/imhOeyqeuW
Thumzup Media Corporation, an online marketing company recently backed by members of the Trump family, said Tuesday it has agreed to acquire Dogecoin mining firm Dogehash in an all-stock transaction. Under the terms, Dogehash shareholders will exchange their holdings for a combined 30.7 million Thumzup shares. The deal accelerates Thumzup’s pivot from traditional media into digital-asset infrastructure. Earlier this month the Los Angeles-based firm raised $50 million to expand its crypto treasury and purchase mining rigs. Following the takeover, the combined business will be renamed Degohash Technologies Holdings and seek a listing on Nasdaq under the ticker “XDOG.” Thumzup Chief Executive Robert Steele said the company intends to build a vertically integrated Dogecoin ecosystem that couples renewable-powered mining with low-cost settlement services. The transaction is expected to close later this year, subject to customary approvals.
