President Trump Pivots to Dogecoin With Acquisition of DOGE Mining Company

A company backed by the President is making a pivot toward the top memecoin Dogecoin after purchasing a company dedicated to mining DOGE.

According to a new press release by Thumzup (TZUP) – a company backed by the Trump family – the firm will be acquiring Dogehash Technologies with the aim of becoming the largest DOGE mining firm in the world.

Thumzup will purchase Dogehash in an all-stock transaction and will utilize decentralized finance (DeFi) protocols such as staking to amplify rewards for miners, as well as mining Litecoin (LTC).

The transaction is expected to conclude at the end of 2025 and will see Dogehash shareholders exchange all of their holdings for 30.7 million shares of Thumzup stock, trading under a new ticker name, XDOG.

As stated by Robert Steele, chief executive of Thumzup, in the press release,

“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.

Our vision is not only to mine Dogecoin and Litecoin efficiently but also to explore utility driven use cases that leverage Dogecoin’s fast settlement and low fees for everyday payments and rewards.”

Scrypt miners are mining devices that use the Scrypt hashing algorithm to validate transactions, which are used on the Litecoin and Dogecoin networks.

DOGE is trading for $0.215 at time of writing, a fractional increase during the last 24 hours while TZUP is valued at $5.14, a gain of 2.6% on the day.

Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post President Trump Pivots to Dogecoin With Acquisition of DOGE Mining Company appeared first on The Daily Hodl.

O conteúdo desta página é fornecido por terceiros. A menos que especificado de outra forma, a OKX não é a autora dos artigos mencionados e não reivindica direitos autorais sobre os materiais apresentados. O conteúdo tem um propósito meramente informativo e não representa as opiniões da OKX. Ele não deve ser interpretado como um endosso ou aconselhamento de investimento de qualquer tipo, nem como uma recomendação para compra ou venda de ativos digitais. Quando a IA generativa é utilizada para criar resumos ou outras informações, o conteúdo gerado pode apresentar imprecisões ou incoerências. Leia o artigo vinculado para mais detalhes e informações. A OKX não se responsabiliza pelo conteúdo hospedado em sites de terceiros. Possuir ativos digitais, como stablecoins e NFTs, envolve um risco elevado e pode apresentar flutuações significativas. Você deve ponderar com cuidado se negociar ou manter ativos digitais é adequado para sua condição financeira.