Thumzup Media Corp., with Donald Trump Jr. as a major shareholder, is expanding into cryptocurrency by acquiring Dogehash Technologies, focusing on Dogecoin and Litecoin mining. The all-stock deal values the transaction at $153.8 million, with Dogehash shareholders receiving 30.7 million Thumzup shares. After the acquisition, the company will rebrand as Dogehash Technologies Holdings, Inc. and list on Nasdaq with the ticker XDOG, pending shareholder approval. Dogehash operates renewable-powered data centers with about 2,500 Scrypt ASIC miners and aims to scale its mining operations next year. The acquisition follows Thumzup's recent stock offering of $50 million aimed at mining expansion. Additionally, Thumzup plans to utilize Dogecoin’s DogeOS for staking in DeFi products to enhance miner returns. This development is part of the Trump family's increasing involvement in the crypto space, including collaborations like American Bitcoin with Hut 8, which operates over 60,000 miners. Eric Trump and Donald Jr.'s ventures suggest a broader strategy to engage firmly in the cryptocurrency market.

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