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Trump Family-Backed Thumzup to Acquire Dogecoin Mining Company
Trump family-backed, cryptocurrency treasury firm Thumzup Media is planning to acquire Dogecoin mining firm Dogehash, the companies announced Tuesday. Under the all-stock deal, Dogehash shareholders will swap their holdings for a combined 30.7 million shares of Thumzup stock, the companies said in a joint statement. The miner will be renamed Degohash Technologies Holdings and trade on the Nasdaq Stock Market under the ticker "XDOG.” The acquisition target's mining technology will be integrated with Thumzup, with the goal of offering competitive mining opportunities to miners within the Dogecoin ecosystem.
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