TechFlow, August 19 — According to The Block, Thumzup (ticker: TZUP), the social media company backed by Trump's son, announced it will acquire Dogehash Technologies, a blockchain mining firm focused on the Scrypt algorithm, through an all-stock transaction. Under the agreement, Dogehash shareholders will exchange their entire stake for 30.7 million shares of Thumzup stock, with the deal expected to close before year-end.
Following the acquisition, the company will be renamed "Dogehash Technologies Holdings, Inc." and will trade on Nasdaq under the new ticker "XDOG". Dogehash currently operates 2,500 Scrypt ASIC miners in North America, primarily powered by renewable energy.
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