Thumzup acquires DOGE mining firm Dogehash Technologies

Donald Trump Jr., the son of former President Donald Trump, has invested in a social media company Thumzup Media Corporation that holds a reserve of cryptocurrency. The company has announced the acquisition of the DOGE mining company Dogehash Technologies, with the specific acquisition amount not yet disclosed. Dogehash will trade on the Nasdaq stock market under the new stock code "XDOG". It is reported that the company currently owns about 2,500 Scrypt ASIC mining machines in North America and also mines Scrypt algorithm assets such as Litecoin. After the acquisition is completed, it is expected that more devices will be invested later this year.

Comments

All Comments

Recommended for you

cointelegraph ·

Bank of America CEO warns interest-bearing stablecoins could pull $6T from US banks

In an earnings call transcript shared on X, BofA CEO Brian Moynihan pointed to studies suggesting yield-bearing stablecoins could draw trillions from the banking system.
The U.S. spot Bitcoin ETF saw a net inflow of $104.08 million yesterday.

according to Trader T's monitoring, the US spot Bitcoin ETF had a net inflow of 104.08 million USD yesterday.
The U.S. spot Ethereum ETF saw a net inflow of $164.32 million yesterday.

according to Trader T monitoring, the US spot Ethereum ETF had a net inflow of 164.32 million USD yesterday.
cointelegraph ·

Nexo to pay $500K fine to California regulator over ‘risky loans’

California’s finance watchdog claims Nexo made nearly 5,500 loans to Californians without a valid license and did not properly assess their ability to repay.
Krisztian Sandor ·

Tokenization firms reject Coinbase's crypto bill equities claims

While Coinbase said that the crypto market structure bill would essentially ban tokenized securities, companies in that sector say that's not the case.
Coindesk ·

Former NYC Mayor Eric Adams disputes memecoin rug pull allegations, claims he made no profit

Former New York City Mayor Eric Adams denied allegations that his newly launched NYC Token was involved in suspicious liquidity withdrawals that cost investors millions.
The Block ·

Coinbase pulled support for Senate crypto legislation — here's what happened

The decision to pull support for the market structure bill was not made lightly, a source familiar told The Block on Wednesday night.
The Block ·

Russia finalizes bill to open up crypto market to non-qualified traders: report

Anatoly Aksakov, chairman of the State Duma’s Financial Markets Committee, said a draft bill is ready to clear the way for non-qualified investors to trade crypto.
Jack Neureuter ·

Visa crypto chief bets on stablecoin settlement, sees volumes growing
Omkar Godbole ·

Long term bitcoin holders slow profit-taking as prices tap key sell zone

Bitcoin has returned to a price range where repeated profit-taking by long-term holders capped rallies last year, though those wallets are now selling more slowly than in 2025.