FAQ: Thumzup Media Corp.'s Acquisition of Dogehash Technologies and Strategic Expansion

What is the main announcement in this content?

Thumzup Media Corp. (NASDAQ: TZUP) has agreed to acquire Dogehash Technologies Inc., a blockchain infrastructure company focused on mining Dogecoin and Litecoin, in an all-stock transaction valued at 30.7 million Thumzup shares.

Why is Thumzup acquiring Dogehash Technologies?

The merger will create a leading Dogecoin mining platform that leverages renewable energy, high-efficiency mining rigs, and Dogecoin Layer-2 infrastructure to improve miner economics, supporting Thumzup’s strategic expansion into cryptocurrency.

How many shares are involved in the acquisition?

The acquisition is valued at 30.7 million Thumzup shares in an all-stock transaction.

When is the acquisition expected to close?

Closing is expected in the fourth quarter of 2025, subject to customary approvals.

What will happen to the company after the merger?

The combined company will be renamed Dogehash Technologies Holdings Inc. and will trade on Nasdaq under the symbol XDOG.

What mining operations does Dogehash Technologies currently have?

Dogehash operates about 2,500 Scrypt ASIC miners in North America, with additional units expected later this year to expand production.

What cryptocurrencies is Thumzup expanding its treasury strategy to include?

Thumzup is expanding beyond Bitcoin to include Dogecoin, Litecoin, Solana, Ripple, Ether, and USD Coin in its treasury strategy.

Where can investors find more information about Thumzup?

The latest news and updates relating to TZUP are available in the company’s newsroom at https://ibn.fm/TZUP.

What is the significance of this acquisition for Thumzup’s growth strategy?

This acquisition supports Thumzup’s growth and crypto strategy by creating a leading Dogecoin mining platform and expanding its presence in the cryptocurrency infrastructure space.