Thumzup to Acquire Dogehash Technologies in All-Stock Deal

According to BlockBeats, Thumzup, a company partially owned by U.S. President Donald Trump's eldest son, is set to acquire Dogehash Technologies in an all-stock transaction. Following the acquisition, the company will be renamed Dogehash Technologies Holdings, Inc. and will trade on Nasdaq under the new ticker symbol XDOG. The deal is expected to be finalized by the end of this year. Dogehash Technologies is recognized as the world's first industrial-scale mining company focused on Dogecoin. Its technological partner is the mining equipment manufacturer ElphaPex, with whom it has established a strategic partnership. Currently, Dogehash Technologies operates over 2,500 ElphaPex DG1+ mining machines, primarily powered by renewable energy sources.