Thumzup Invests $2.5 Million in DogeHash Technologies
Thumzup Media Corporation announced a $2.5 million investment in DogeHash Technologies. The funds will help expand Dogecoin mining operations. According to the official press release, the money will buy and deploy over 500 new ASIC miners. This could increase DogeHash’s total mining rigs to more than 4,000 by the end of 2025.
Pending Acquisition and Strategic Growth
The investment precedes Thumzup’s planned acquisition of DogeHash. In August 2025, Thumzup revealed plans to buy DogeHash in an all-stock deal valued at $153.8 million. After the acquisition, the combined company will be renamed DogeHash Technologies Holdings. It will list on Nasdaq under the ticker XDOG.
Thumzup aims to strengthen its position in the crypto sector, focusing on Dogecoin mining. CEO Robert Steele said, “We are enthusiastic about all the recent developments in the Dogecoin ecosystem and are looking forward to working with DogeHash to build a premier Doge mining company together.”
DogeHash CEO Parker Scott added that the capital infusion will speed up deploying new mining hardware. He emphasized the importance of efficiency and scale for crypto miners today.
Thumzup’s Expanding Crypto Presence
This move follows other steps by Thumzup to grow its digital asset footprint. In September 2025, Thumzup bought about 7.5 million DOGE, worth $2 million, in the open market. The company also holds 19.1 BTC, according to Bitcoin Treasuries.
Thumzup recently formed a Crypto Advisory Board. It appointed Jordan Jefferson, Co-Founder of DogeOS and CEO of the Dogecoin wallet MyDoge, to the board.
Thumzup’s stock (TZUP) closed at $5.00 with no change on the day. After-hours trading showed a slight gain to $5.09, up 1.8%, per Yahoo Finance.
