Highlights: Thumzup is buying Dogehash to form a new Nasdaq-listed company.  Dogehash operates 2,500 mining machines and plans further expansion with renewable energy.  Thumzup raised $50M and approved $250M for crypto assets and growth. Nasdaq-listed Thumzup Media Corporation, an AdTech firm backed by Donald Trump Jr., revealed on Tuesday that it is set to acquire Dogehash Technologies, a Dogecoin mining company based in North America. Shareholders of Dogehash, which runs large-scale Dogecoin and Litecoin mining operations, will receive 30.7 million Thumzup shares as part of the agreement. After the merger is completed, the new company will be called Dogehash Technologies Holdings, Inc. and trade on Nasdaq under the ticker XDOG. $TZUP and Dogehash aim to become the world's leading #Dogecoin mining platform and will leverage Dogecoin Layer-2 infrastructure via staking in DeFi products within the DogeOS ecosystem to enhance miner economics and amplify yield beyond base block rewards. … — Thumzup Media Corporation (@thumz_up) August 19, 2025 The deal is expected to close in the fourth quarter if shareholders and regulators approve. This marks a bold step for Thumzup, which shifted its business direction less than a year ago to focus heavily on digital assets. CEO Robert Steele expressed his aim to take Thumzup beyond social media marketing. He added that the company should grow into a serious crypto firm with solid capital, mining operations, and treasury management expertise. He stated: “This accelerates our evolution from a digital‑marketing platform into a diversified digital‑asset infrastructure and treasury company. Dogehash brings world‑class mining expertise, low‑cost renewable power, and access to cutting‑edge Scrypt miners.” Dogehash Mining Operations and Expansion Dogehash runs about 2,500 Scrypt ASIC mining machines in North America to mine DOGE and LTC. The company also plans to add more machines this year and grow production further through 2026. Its main site uses renewable energy, and smaller sites are being added to increase output. After the merge, the new company expects to leverage to use DogeOS, a special system that makes mining more profitable. With this, miners won’t just earn from normal mining, but also from staking, lending, and other DeFi products. Executives believe this plan can keep mining Dogecoin profitable even when prices are low. Dogehash co-founder Jonathan Leong explained that his team already secured cheap, renewable energy. By joining Thumzup, they will also get access to big funding, which will help them grow faster than they could on their own. Dogehash CEO Parker Scott said the company is ready to benefit from Dogecoin’s growth and blockchain progress. He explained that, unlike others who only buy cryptocurrency with cash, Dogehash had built its own mining infrastructure. By operating a fleet of ASIC machines, the company earns revenue directly from mining. Scott noted this provides a steady and lasting supply of Dogecoin for long-term growth. Dogecoin is one of the most traded cryptocurrencies, known for fast transactions and low fees. Its supply keeps growing in a predictable way, similar to regular money. People widely use it for payments and trading, moving millions daily, and it remains among the top cryptocurrencies by market value. Thumzup’s Fundraising and Asset Plans The acquisition also follows Thumzup’s $50 million fundraising in July. This money was reserved to grow its crypto plans and purchase more mining machines. The board also gave approval for holding up to $250 million worth of digital assets. The assets include Ether, XRP, Solana, Litecoin, Dogecoin, Bitcoin, and USDC. Thumzup’s Board of Directors has authorized the company to hold up to $250 million in cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Solana (SOL), XRP, Dogecoin (DOGE), Litecoin (LTC), and Stablecoin USDC. Read the press release: https://t.co/Rv5GxA2A40 $TZUP pic.twitter.com/HLg2FPL3Xa — Thumzup Media Corporation (@thumz_up) July 17, 2025 eToro Platform Best Crypto Exchange Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users 9.9 Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Highlights: Thumzup is buying Dogehash to form a new Nasdaq-listed company.  Dogehash operates 2,500 mining machines and plans further expansion with renewable energy.  Thumzup raised $50M and approved $250M for crypto assets and growth. Nasdaq-listed Thumzup Media Corporation, an AdTech firm backed by Donald Trump Jr., revealed on Tuesday that it is set to acquire Dogehash Technologies, a Dogecoin mining company based in North America. Shareholders of Dogehash, which runs large-scale Dogecoin and Litecoin mining operations, will receive 30.7 million Thumzup shares as part of the agreement. After the merger is completed, the new company will be called Dogehash Technologies Holdings, Inc. and trade on Nasdaq under the ticker XDOG. $TZUP and Dogehash aim to become the world's leading #Dogecoin mining platform and will leverage Dogecoin Layer-2 infrastructure via staking in DeFi products within the DogeOS ecosystem to enhance miner economics and amplify yield beyond base block rewards. … — Thumzup Media Corporation (@thumz_up) August 19, 2025 The deal is expected to close in the fourth quarter if shareholders and regulators approve. This marks a bold step for Thumzup, which shifted its business direction less than a year ago to focus heavily on digital assets. CEO Robert Steele expressed his aim to take Thumzup beyond social media marketing. He added that the company should grow into a serious crypto firm with solid capital, mining operations, and treasury management expertise. He stated: “This accelerates our evolution from a digital‑marketing platform into a diversified digital‑asset infrastructure and treasury company. Dogehash brings world‑class mining expertise, low‑cost renewable power, and access to cutting‑edge Scrypt miners.” Dogehash Mining Operations and Expansion Dogehash runs about 2,500 Scrypt ASIC mining machines in North America to mine DOGE and LTC. The company also plans to add more machines this year and grow production further through 2026. Its main site uses renewable energy, and smaller sites are being added to increase output. After the merge, the new company expects to leverage to use DogeOS, a special system that makes mining more profitable. With this, miners won’t just earn from normal mining, but also from staking, lending, and other DeFi products. Executives believe this plan can keep mining Dogecoin profitable even when prices are low. Dogehash co-founder Jonathan Leong explained that his team already secured cheap, renewable energy. By joining Thumzup, they will also get access to big funding, which will help them grow faster than they could on their own. Dogehash CEO Parker Scott said the company is ready to benefit from Dogecoin’s growth and blockchain progress. He explained that, unlike others who only buy cryptocurrency with cash, Dogehash had built its own mining infrastructure. By operating a fleet of ASIC machines, the company earns revenue directly from mining. Scott noted this provides a steady and lasting supply of Dogecoin for long-term growth. Dogecoin is one of the most traded cryptocurrencies, known for fast transactions and low fees. Its supply keeps growing in a predictable way, similar to regular money. People widely use it for payments and trading, moving millions daily, and it remains among the top cryptocurrencies by market value. Thumzup’s Fundraising and Asset Plans The acquisition also follows Thumzup’s $50 million fundraising in July. This money was reserved to grow its crypto plans and purchase more mining machines. The board also gave approval for holding up to $250 million worth of digital assets. The assets include Ether, XRP, Solana, Litecoin, Dogecoin, Bitcoin, and USDC. Thumzup’s Board of Directors has authorized the company to hold up to $250 million in cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Solana (SOL), XRP, Dogecoin (DOGE), Litecoin (LTC), and Stablecoin USDC. Read the press release: https://t.co/Rv5GxA2A40 $TZUP pic.twitter.com/HLg2FPL3Xa — Thumzup Media Corporation (@thumz_up) July 17, 2025 eToro Platform Best Crypto Exchange Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users 9.9 Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.

Trump Jr.-Backed Thumzup to Acquire Dogecoin Mining Company

3 min read

Highlights:

  • Thumzup is buying Dogehash to form a new Nasdaq-listed company. 
  • Dogehash operates 2,500 mining machines and plans further expansion with renewable energy. 
  • Thumzup raised $50M and approved $250M for crypto assets and growth.

Nasdaq-listed Thumzup Media Corporation, an AdTech firm backed by Donald Trump Jr., revealed on Tuesday that it is set to acquire Dogehash Technologies, a Dogecoin mining company based in North America. Shareholders of Dogehash, which runs large-scale Dogecoin and Litecoin mining operations, will receive 30.7 million Thumzup shares as part of the agreement. After the merger is completed, the new company will be called Dogehash Technologies Holdings, Inc. and trade on Nasdaq under the ticker XDOG.

The deal is expected to close in the fourth quarter if shareholders and regulators approve. This marks a bold step for Thumzup, which shifted its business direction less than a year ago to focus heavily on digital assets. CEO Robert Steele expressed his aim to take Thumzup beyond social media marketing. He added that the company should grow into a serious crypto firm with solid capital, mining operations, and treasury management expertise.

He stated:

Dogehash Mining Operations and Expansion

Dogehash runs about 2,500 Scrypt ASIC mining machines in North America to mine DOGE and LTC. The company also plans to add more machines this year and grow production further through 2026. Its main site uses renewable energy, and smaller sites are being added to increase output. After the merge, the new company expects to leverage to use DogeOS, a special system that makes mining more profitable. With this, miners won’t just earn from normal mining, but also from staking, lending, and other DeFi products.

Executives believe this plan can keep mining Dogecoin profitable even when prices are low. Dogehash co-founder Jonathan Leong explained that his team already secured cheap, renewable energy. By joining Thumzup, they will also get access to big funding, which will help them grow faster than they could on their own.

Dogehash CEO Parker Scott said the company is ready to benefit from Dogecoin’s growth and blockchain progress. He explained that, unlike others who only buy cryptocurrency with cash, Dogehash had built its own mining infrastructure. By operating a fleet of ASIC machines, the company earns revenue directly from mining. Scott noted this provides a steady and lasting supply of Dogecoin for long-term growth.

Dogecoin is one of the most traded cryptocurrencies, known for fast transactions and low fees. Its supply keeps growing in a predictable way, similar to regular money. People widely use it for payments and trading, moving millions daily, and it remains among the top cryptocurrencies by market value.

Thumzup’s Fundraising and Asset Plans

The acquisition also follows Thumzup’s $50 million fundraising in July. This money was reserved to grow its crypto plans and purchase more mining machines. The board also gave approval for holding up to $250 million worth of digital assets. The assets include Ether, XRP, Solana, Litecoin, Dogecoin, Bitcoin, and USDC.

eToro Platform

Best Crypto Exchange

  • Over 90 top cryptos to trade
  • Regulated by top-tier entities
  • User-friendly trading app
  • 30+ million users
9.9

5 Stars

Visit eToro

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.

Market Opportunity
Threshold Logo
Threshold Price(T)
$0.007618
$0.007618$0.007618
-1.18%
USD
Threshold (T) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Trading time: Tonight, the US GDP and the upcoming non-farm data will become the market focus. Institutions are bullish on BTC to $120,000 in the second quarter.

Trading time: Tonight, the US GDP and the upcoming non-farm data will become the market focus. Institutions are bullish on BTC to $120,000 in the second quarter.

Daily market key data review and trend analysis, produced by PANews.
Share
PANews2025/04/30 13:50
Ethereum Fusaka Upgrade Set for December 3 Mainnet Launch, Blob Capacity to Double

Ethereum Fusaka Upgrade Set for December 3 Mainnet Launch, Blob Capacity to Double

Ethereum developers confirmed the Fusaka upgrade will activate on mainnet on December 3, 2025, following a systematic testnet rollout beginning on October 1 on Holesky. The major hard fork will implement around 11-12 Ethereum Improvement Proposals targeting scalability, node efficiency, and data availability improvements without adding new user-facing features. According to Christine Kim, the upgrade introduces a phased blob capacity expansion through Blob Parameter Only forks occurring two weeks after Fusaka activation. Initially maintaining current blob limits of 6/9 target/max, the first BPO fork will increase capacity to 10/15 blobs one week later. A second BPO fork will further expand limits to 14/21 blobs, more than doubling total capacity within two weeks. Strategic Infrastructure Overhaul Fusaka prioritizes backend protocol improvements over user-facing features, focusing on making Ethereum faster and less resource-intensive. The upgrade includes PeerDAS implementation through EIP-7594, allowing validator nodes to verify data by sampling small pieces rather than downloading entire blobs. This reduces bandwidth and storage requirements while enhancing Layer 2 rollup scalability. The upgrade builds on recent gas limit increases from 30 million to 45 million gas, with ongoing discussions for further expansion. EIP-7935 proposes increasing limits to 150 million gas, potentially enabling significantly higher transaction throughput. These improvements complement broader scalability efforts, including EIP-9698, which suggests a 100x gas limit increase over two years to reach 2,000 transactions per second. Fusaka removes the previously planned EVM Object Format redesign to reduce complexity while maintaining focus on essential infrastructure improvements. The upgrade introduces bounded base fees for blob transactions via EIP-7918, creating more predictable transaction costs for data-heavy applications. Enhanced spam resistance and security improvements strengthen network resilience against scalability bottlenecks and attacks. Technical Implementation and Testing Timeline The Fusaka rollout follows a conservative four-phase approach across Ethereum testnets before mainnet deployment. Holesky upgrade occurs October 1, followed by Sepolia on October 14 and Hoodi on October 28. Each testnet will undergo the complete BPO fork sequence to validate the blob capacity expansion mechanism. BPO forks activate automatically based on predetermined epochs rather than requiring separate hard fork processes. On mainnet, the first BPO fork launches December 17, increasing blob capacity to 10/15 target/max. The second BPO fork activates January 7, 2026, reaching the final capacity of 14/21 blobs. This automated approach enables flexible blob scaling without requiring full network upgrades. Notably, node operators face release deadlines ranging from September 25 for Holesky to November 3 for mainnet preparation. The staggered timeline, according to the developers, allows comprehensive testing while giving infrastructure providers sufficient preparation time. Speculatively, the developers use this backward-compatible approach to ensure smooth transitions with minimal disruption to existing applications. PeerDAS implementation reduces node resource demands, potentially increasing network decentralization by lowering barriers for smaller operators. The technology enables more efficient data availability sampling, crucial for supporting growing Layer 2 rollup adoption. Overall, these improvements, combined with increased gas limits, will enable Ethereum to handle higher transaction volumes while maintaining security guarantees. Addressing Network Scalability Pressures The Fusaka upgrade addresses mounting pressure for Ethereum base layer improvements amid criticism of Layer 2 fragmentation strategies. Critics argue that reliance on rollups has created isolated chains with limited interoperability, complicating user experiences. The upgrade’s focus on infrastructure improvements aims to enhance base layer capacity while supporting continued Layer 2 growth. The recent validator queue controversy particularly highlights ongoing network scalability challenges. According to a Cryptonews report covered yesterday, currently, over 2M ETH sits in exit queues facing 43-day delays, while entry queues process in just 7 days.Ethereum Validator Queue (Source: ValidatorQueue) However, Vitalik Buterin defended these delays as essential for network security, comparing validator commitments to military service requiring “friction in quitting.” The upgrade coincides with growing institutional interest in Ethereum infrastructure, with VanEck predicting that Layer 2 networks could reach $1 trillion market capitalization within six years. Fusaka’s emphasis on data availability and node efficiency supports Ethereum’s evolution toward seamless cross-chain interoperability. The upgrade complements initiatives like the Open Intents Framework, where Coinbase Payments recently joined as a core contributor. The initiative, if successful, will address the $21B surge in cross-chain crime. These coordinated efforts aim to unify the fragmented multichain experience while maintaining Ethereum’s security and decentralization principles
Share
CryptoNews2025/09/19 16:37
VectorUSA Achieves Fortinet’s Engage Preferred Services Partner Designation

VectorUSA Achieves Fortinet’s Engage Preferred Services Partner Designation

TORRANCE, Calif., Feb. 3, 2026 /PRNewswire/ — VectorUSA, a trusted technology solutions provider, specializes in delivering integrated IT, security, and infrastructure
Share
AI Journal2026/02/05 00:02