Thumzup Changes Name to Dogehash, Paving the Way for Long-Term Dogecoin Expansion

Thumzup Media Corporation (NASDAQ: TZUP) has unveiled a share buyback plan worth $10 million, set to run until December 31, 2026, after completing its initial $1 million repurchase in September 2025. The company bought back 212,432 shares at an average price of $4.71 each. This move signals Thumzup’s strong belief in its long-term vision, which blends targeted digital asset accumulation with investments in infrastructure. At present, the company’s treasury contains 19.106 Bitcoins and about 7.5 million

, demonstrating a broad-based approach to holding cryptocurrencies Thumzup Announces $10 Million Share Repurchase Program [ 1 ].

The company is also moving forward with its entry into the crypto mining industry by acquiring Dogehash Technologies, Inc. This all-stock deal, valued at 30.7 million shares, will result in Thumzup rebranding as “Dogehash Technologies Holdings, Inc.” and trading under the ticker XDOG on Nasdaq. Dogehash currently operates 2,500 Scrypt ASIC miners in North America and aims to increase this number to 3,500 by 2026. The combined company plans to use renewable energy data centers and Dogecoin’s Layer-2 technology (DogeOS) to boost mining output and efficiency beyond standard block rewards Thumzup to Acquire Dogehash Technologies, Inc., a Leader in DOGE Digital Asset Mining [ 2 ].

Thumzup’s move into mining fits with its overall digital asset strategy, which involves holding

, , , and other leading cryptocurrencies. In July 2025, the company raised $50 million through a public stock offering to support mining expansion and digital asset acquisitions. These funds will be used to install more mining equipment and purchase additional , with projected annual revenues ranging from $22.7 million to $51.6 million depending on Dogecoin’s price Thumzup’s $153.8M Deal to Transform DOGE Mining [ 3 ].

This strategic shift from digital advertising to cryptocurrency mining highlights Thumzup’s focus on building revenue streams from digital assets. CEO Robert Steele pointed out that this transition could provide a “steady supply of Dogecoin” through mining, as opposed to relying on market purchases for the company’s reserves. The acquisition also deepens Thumzup’s involvement in the Dogecoin ecosystem, including new partnerships with DogeOS and the addition of industry leaders to its Crypto Advisory Board Thumzup to Acquire Dogehash for 30.7M Shares in All-Stock Deal [ 4 ].

Industry analysts observe that Thumzup’s foray into mining places it among a growing number of publicly listed crypto mining firms. The global crypto mining sector, valued at $10.5 billion in 2025, is expected to double by 2035 Thumzup To Expand Into Dogecoin Mining With DogeHash Acquisition Plans [ 5 ]. Dogecoin’s market value, exceeding $36 billion and held in 5 million wallets, adds to its strategic importance. Nevertheless, Thumzup’s financial stability is under watch, as its short-term liabilities currently surpass its liquid assets, resulting in a current ratio of 0.27 Thumzup approves $10 million share buyback program through 2026 [ 6 ].

Both the acquisition and the share buyback plan require shareholder approval, with the acquisition expected to close in the fourth quarter of 2025. Thumzup’s board has approved up to $250 million in crypto holdings, underscoring its commitment to financial flexibility. Among its investors is Donald Trump Jr., who owns 350,000 shares and is named as a selling shareholder in an upcoming secondary offering Donald Trump Jr. invests in Thumzup crypto [ 7 ].