Nasdaq-listed Thumzup Media Corporation (TZUP) has staked out an aggressive pivot from adtech into crypto infrastructure, unveiling a shareholder letter that details a $50 million all-common stock raise at $10 per share, a pending acquisition of DogeHash Technologies, and an explicit bid to become North America’s leading Dogecoin miner.

In the letter, the company says the deal would add 2,500 active Scrypt miners with 1,000 additional rigs on order, framing the move as a step-change in scale for a newly crypto-focused balance sheet. “Ambitious vision to dominate as North America’s leading Dogecoin miner,” the letter states, summarizing the goal line for its capital and M&A strategy.

Thumzup’s $50 Million Dogecoin Mining Push

The Trump family connection is not incidental to the capital stack behind this pivot. In July, a Thumzup shelf registration identified Donald J. Trump Jr. as a selling stockholder for 350,000 shares—disclosure that formalized his equity link to the company. The fundraising that now underwrites Thumzup’s crypto expansion was handled by Dominari Securities; notably, Donald Trump Jr. and Eric Trump joined the advisory board of Dominari Holdings, Dominari Securities’ parent, earlier this year, according to filings and contemporaneous reporting.

Regulatory filings show the DogeHash deal is structured as a change-of-control transaction. Under an August 19 Agreement and Plan of Merger, Thumzup will be renamed Dogehash Technologies Holdings, Inc.; at closing, it will issue 30.7 million restricted common shares to DogeHash shareholders, subject to shareholder approval under Nasdaq rules (including the 19.99% issuance threshold), Nasdaq’s own approval, a fairness opinion, and standard closing conditions. “The combined company aims to

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Author: Jake Simmons