Thumzup supported by Trump bets on the farm via Dogehash

Thumzup Media Corp, which counts Donald Trump Jr. as a major action, rotates digital marketing to the exploitation of Dogecoin on an industrial scale thanks to its acquisition in stock of Dogehash Technologies.

According to a announcement By the media company, the agreement will see the shareholders of Dogehash offer 100% of their assets in exchange for 30.7 million Thumzup shares. This values ​​the agreement at around $ 153.8 million depending on the corporate fence price.

In addition to the shareholders of Dogehash receiving Thumzup actions, the two companies will also merge into a single entity and will rename themselves as Dogehash technologies. This new company will then list on Nasdaq under the “XDOG” of the Ticker, pending the approval of the shareholders which is scheduled for this year.

The agreement comes in the middle of a high sale of stock of Thumzup. Yesterday, the company’s shares fell by more than 41% to close the negotiation session to $ 5.01, according to data from Google Finance. The sales activity continued after working hours, the course of the action dragged 3% during this period.

Thumzup Media Corp (Source: Source Google Finance))

This drop pushed the loss of action in last week to more than 51%, while extending its weekly losses to more than 64%.

Dogehash and Thumzup aim to create the main cryptography company

Dogehash is an industrial crypto exploitation company which focuses specifically on tokens operating on the SCRYPT algorithm, which, according to the company, offers power efficiency to power to the stronger update than bitcoin extraction.

More specifically, the company MINE DOGECOIN (DOGE) and Litecoin (LTC), which are the two largest assets powered by SCRYPT, according to CoinmarketCap.

The largest assets in Scrypt by market capitalization (source: Coinmarketcap))

DOGE opens the way with its market capitalization of more than $ 32 billion, while the total LTC evaluation amounts to around $ 8.77 billion.

The company currently operates around 2,500 SCRYPT ASIC minors (integrated circuit specific to application) which are hosted in a data center in North America. It is planned to scale operations throughout 2025 and 2026.

This data center is also propelled by renewable energies, allowing Dogehash to reach “rewards of significant dogecoin and Litecoin blocks with a low -cost and advanced imprint”, according to the announcement of Thumzup.

With the new company, Thumzup aims to “become the main global operating platform for Dogecoin”. The company also said that it would use the blockchain of layer 2 of the Dogecoin called Dogeos, allowing it to set up in decentralized financial products (DEFI), allowing it to increase the yields of minors.

$ Tzup And Dogehash aims to become the head of the world #Dogecoin Operating platform and will take advantage of the Dogecoin layer 2 infrastructure via the milestone in the DEFI products within the Dogeos ecosystem to improve the economy of minors and amplify the yield beyond basic block rewards. 🚀…

– Thumzup Media Corporation (@thumz_up) August 19, 2025

The agreement stands out from the supply of $ 50 million in Thumzup “to extend its cryptographic strategies”. Part of this capital will be used “to buy mining platforms and accumulate digital assets,” said the company.

The Trump family cultivates a cryptocurrency

The acquisition of Dogehash is the last decision of the expanding cryptography empire of the Trump family, especially in the mining sector.

Earlier this year, Eric Trump and Donald Jr. launched American Bitcoin in partnership with Hut 8, which has more than 60,000 mining machines.

The Trumps have a combined participation of 20% in the company, while the remaining 80% will go to Hut 8.

At the beginning of the month, this Crypto mines company bought a fleet of 16,299 Antmin U3S21Exph units of Bitmain, which are capable of 14.02 Exehashes per second (EH / S). The machines were bought for around $ 314 million in an agreement that excluded any potential increase in prices for prices and import rights from the Trump administration.

Trumps concludes a billion dollars with Alt5 Sigma

Trumps are not only widening their crypto empire by mining. Recently, another of their businesses, World Liberty Financial (WLF), concluded an agreement of $ 1.5 billion with Alt5 Sigma to inject its WLFI token into the company’s treasure.

However, reports have recently started to surface that the Securities and Exchange Commission (SEC) launched an investigation into venture capital Jon Isaac for having allegedly inflated the profits and participating in sales of initiates linked to the financing of the ALT5 Treasury for WLF.

A few hours after the publication of reports, Alt5 replied on X and denied that Isaac was president or advisor of the company. He also pointed out that he had no knowledge of any current investigation into the dry on his activities.

Alt5 Sigma was informed of reports in the press and on social networks. For the record: Jon Isaac is not – and has never been – the president of the Alt5 Sigma and he is not adviser to the company. The company has no knowledge of a current survey on its activities …

– alts (@ alt5_sigma) August 19, 2025

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