Thumzup Media Corp. (Tzup)That Donald Trump Jr. has as a great shareholder, said that Degehash Technologies, Inc. in an agreement of the entire stock, turning digital marketing in cryptographic mining at industrial scale at an industrial scale
According to the Agreement, the Shareholders of Degehash will receive 30.7 million actions from Thumzup, according to a statement on Tuesday, valuing the transaction at $ 153.8 million, depending on the closing price of the shares. The combined company will change the brand as Degehash Technologies Holdings, Inc. and will list Nasdaq under the XDOG ticket, waiting for the approval of the shareholders at the end of this year.
Degehash operates around 2,500 ASIC SCRYPT miners through data centers with renewable motor in North America, with plans to expand even more in 2026. Unlike companies that face their balance sheets simply by buying coins, Degehash has invested in its own infrastructure, giving direct exposure to Dogoin
and the litecoin block rewards to a lower cost base.
The agreement arrives immediately after the offer of Thumzup shares of $ 50 million in July, aimed at mining and accumulation of digital assets. The company says it will also use Degecoin’s Degecoin layer 2 to participate in Defi products, with the aim of increasing the returns of miners beyond standard rewards.
This new agreement adds to the expansion cryptographic empire of the Trump family. Eric Trump and Donald Jr. released American Bitcoin earlier this year with Hut 8, which has more than 60,000 miners.
Meanwhile, World Liberty Financial, another company backed by Trump, reached an agreement of $ 1.5 billion with Alt5 Sigma, which is quoted in Nasdaq, to inject its token WLFI in the treasure of the company.
Thumzup shares fell 41% to $ 5.01 on Tuesday.
