Thumzup Media slumps after striking deal for Dogehash Technologies

ReutersAug 19, 2025 3:56 PM

Digital asset hoarder Thumzup Media's TZUP.O shares plunge as much as 58.8% to $3.50, their lowest since March

Stock last down 44.8% at $4.69

TZUP will buy crypto mining company Dogehash Technologies in an all-stock transaction

Dogehash shareholders will exchange 100% of their holdings for 30.7 million shares of TZUP stock

TZUP has 16.3 million outstanding shares - LSEG data

TZUP recently raised $50 million to expand its crypto strategies, a portion of which would be deployed to buy mining rigs

Combined company will be renamed "Dogehash Technologies" and trade on the Nasdaq under the new symbol "XDOG"

As of last close, TZUP stock up 147.8% YTD

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