India, Aug. 19 -- Thumzup Media Corporation (TZUP) Tuesday said it has agreed to acquire Dogehash Technologies, Inc., a blockchain infrastructure company, in an all-stock transaction.
As per the deal, Dogehash shareholders will exchange 100% of their holdings for 30.7 million shares of Thumzup. The combined company will be named as Dogehash Technologies Holdings, Inc. and will trade on the Nasdaq under the symbol XDOG.
Dogehash Technologies Holdings plans to become a Dogecoin mining platform and will use Dogecoin Layer-2 infrastructure to improve miner economics and increase yields beyond base block rewards.
A portion of the $50 million from the recently completed stock offering by Thumsup will be used to purchase mining rigs and accumul...