Trump's son, through his holding company Thumzup, is seeking to acquire the mining firm Dogehash.

By: theblockbeats.news|2025/08/19 23:22:33

BlockBeats News, August 19: According to The Block, Thumzup (Nasdaq: TZUP) will acquire Dogehash Technologies in an all-stock deal. This acquisition appears to be one of Thumzup's moves towards a new direction in cryptocurrency mining.

Dogehash is an industrial-scale blockchain mining company focusing on the Scrypt algorithm used by Dogecoin and Litecoin. Per the terms of the agreement, Dogehash shareholders will exchange all their held shares for 30.7 million shares of Thumzup stock. The company will be renamed "Dogehash Technologies Holdings, Inc." and will trade on Nasdaq under the new ticker symbol "XDOG." The transaction is expected to be completed by the end of this year.

Note: Donald Trump Jr., son of former President Trump, disclosed in July 2025 that he had purchased 350,000 shares of Thumzup through a recommendation from an investment advisor, worth approximately $3.3 million to $4.3 million. He does not have an operational or advisory role in the company and is only a shareholder.

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