Thumzup Media Corp. (TZUP), which counts Donald Trump Jr. as a big shareholder, stated it’ll purchase Dogehash Applied sciences, Inc. in an all-stock deal, pivoting from digital advertising into industrial-scale crypto mining

Below the settlement, Dogehash shareholders will obtain 30.7 million Thumzup shares, in response to a Tuesday launch, valuing the transaction at $153.8 million, based mostly on the shares’ closing value. The mixed firm will rebrand as Dogehash Applied sciences Holdings, Inc. and listing on Nasdaq underneath the ticker XDOG, pending shareholder approval later this 12 months.

Dogehash operates about 2,500 Scrypt ASIC miners throughout renewable-powered knowledge facilities in North America, with plans to scale up additional in 2026. In contrast to companies that pad their steadiness sheets by merely shopping for cash, Dogehash has invested in its personal infrastructure, giving it direct publicity to dogecoin

and litecoin block rewards at a decrease price base.

The deal comes on the heels of Thumzup’s $50 million inventory providing in July, earmarked for mining growth and digital asset accumulation. The corporate says it’ll additionally use Dogecoin’s DogeOS layer 2 to stake in DeFi merchandise, aiming to spice up miner returns past customary rewards.

This new deal provides to the Trump household’s increasing crypto empire. Eric Trump and Donald Jr. launched American Bitcoin earlier this 12 months with Hut 8, which has over 60,000 miners.

In the meantime, World Liberty Monetary, one other Trump-backed enterprise, struck a $1.5 billion take care of Nasdaq-listed ALT5 Sigma to inject its WLFI token into the agency’s treasury.

Thumzup inventory fell 41% to $5.01 on Tuesday.