Thumzup, a company owned by Trump's eldest son, plans to transform into a DOGE mining company and purchase 3,500 DOGE mining machines.

Thumzup (TZUP), a media company owned by Donald Trump's eldest son, released a shareholder letter announcing its intention to acquire DogeHash Technologies to establish a DOGE mining operation, completing its strategic transformation into a leading cryptocurrency mining company. The company has invested $1 million in Bitcoin, and its board of directors has authorized an increase in holdings of cryptocurrencies including DOGE, LTC, SOL, XRP, ETH, and USDC. It has also authorized the purchase of 2,500 DOGE mining machines, with the potential purchase of an additional 1,000 machines. Thumzup (TZUP) previously announced that it will acquire DogeHash Technologies in an all-stock transaction. The company will be renamed "Dogehash Technologies Holdings, Inc." and trade on the Nasdaq under the new ticker symbol "XDOG." The transaction is expected to close by the end of the year.