Thumzup Media Corp. Announces $6.5 Million Direct Offering and Strategic Acquisition of Dogehash Technologies

Thumzup Media Corp. (NASDAQ: TZUP) has entered into a $6.5 million direct offering to support its growth initiatives and cryptocurrency strategy. The company announced it has agreed to acquire Dogehash Technologies Inc., a blockchain infrastructure company focused on mining Dogecoin and Litecoin, in an all-stock transaction valued at 30.7 million Thumzup shares. This strategic move represents a significant expansion of Thumzup's presence in the cryptocurrency mining sector.

The acquisition will result in the combined company being renamed Dogehash Technologies Holdings Inc., which will trade on Nasdaq under the symbol XDOG. Dogehash currently operates approximately 2,500 Scrypt ASIC miners in North America, with additional units expected later this year to expand production capacity. The merger is designed to create a leading Dogecoin mining platform that leverages renewable energy, high-efficiency mining rigs, and Dogecoin Layer-2 infrastructure to improve miner economics and operational efficiency.

Closing of the transaction is expected in the fourth quarter of 2025, subject to customary regulatory approvals and closing conditions. The deal represents a major strategic shift for Thumzup, which has been pioneering digital marketing and financial innovation through its AdTech platform. In parallel with this acquisition, Thumzup's Board of Directors has authorized the company to strategically expand its treasury strategy beyond Bitcoin to include leading cryptocurrencies such as Dogecoin, Litecoin, Solana, Ripple, Ether, and USD Coin.

This expanded cryptocurrency treasury strategy reinforces the company's commitment to financial agility and innovation in the rapidly evolving digital asset space. The latest news and updates relating to TZUP are available in the company's newsroom at https://ibn.fm/TZUP. The full press release detailing these developments can be viewed at https://ibn.fm/Snr59. This comprehensive strategic initiative positions Thumzup to capitalize on the growing cryptocurrency mining industry while diversifying its financial holdings across multiple digital assets.