Research analysts covering TZUP.
Recent press releases and 8-K filings for TZUP.
Thumzup Media Corporation Completes Dogehash Acquisition, Rebrands as Datacentrex, Inc.
TZUP
M&A
CEO Change
Board Change
- Thumzup Media Corporation completed the acquisition of Dogehash Technologies, Inc. and will now operate as Datacentrex, Inc..
- The combined company's common stock is expected to begin trading on the Nasdaq Stock Market under the ticker symbol DTCX on December 16, 2025.
- Parker Scott, former CEO of Dogehash, was appointed Chief Executive Officer and Chairman of Datacentrex, while Robert Steele transitioned from CEO to Chief Financial Officer.
- Former Dogehash stockholders now own approximately 45.17% of the outstanding common stock and 61.07% of the voting power of the combined company.
- Dogehash currently operates 3,100 Scrypt ASIC miners and anticipates deploying an additional 1,000 miners in the first half of 2026, expanding the fleet to more than 4,100 miners.
Dec 15, 2025, 9:59 PM
Thumzup Media Corporation Completes Acquisition, Forms Datacentrex, Inc.
TZUP
M&A
Board Change
Management Change
- Thumzup Media Corporation has completed its acquisition of Dogehash Technologies, Inc., and the combined entity will now operate as Datacentrex, Inc., with its common stock expected to begin trading on Nasdaq under the ticker symbol DTCX on December 16, 2025.
- This acquisition marks Thumzup's transformation into a digital infrastructure company focused on blockchain mining, data-center operations, and digital asset treasury strategies.
- Datacentrex currently operates 3,100 Scrypt ASIC miners and anticipates deploying an additional 1,000 ASIC miners in the first half of 2026, increasing its fleet to more than 4,100 miners.
- The company's leadership team has been reconstituted, with Parker Scott becoming Chief Executive Officer and Robert Steele transitioning to Chief Financial Officer, alongside the appointment of new independent directors Christopher R. Moe and Dr. Allan Evans.
Dec 15, 2025, 9:32 PM
Thumzup Media Files Correction to Series A Preferred Convertible Voting Stock Terms
TZUP
Convertible Preferred Issuance
Dividends
- On December 4, 2025, Thumzup Media Corporation filed a Certificate of Correction to the Amended and Restated Certificate of Designation of Rights, Powers, Preferences, Privileges and Restrictions of its Series A Preferred Convertible Voting Stock.
- The Series A Preferred Convertible Voting Stock has an authorized number of 1,000,000 shares with a $0.001 par value and ranks senior to common stock.
- Holders are entitled to non-cumulative dividends of $0.875 per share per quarter, totaling $3.50 per share annually, payable in cash or in-kind.
- Each share of Series A Preferred Convertible Voting Stock initially converts into 15 shares of Common Stock at a reference rate of $3.00 per share of Common Stock, with the conversion rate subject to adjustments for dilutive financing.
- Conversion and voting rights are subject to beneficial ownership limitations, with a maximum of 9.99% of outstanding Common Stock.
Dec 5, 2025, 9:30 PM
Thumzup Media Corporation Pivots to Digital-Asset Infrastructure and Announces Dogehash Acquisition
TZUP
New Projects/Investments
M&A
Revenue Acceleration/Inflection
- Thumzup Media Corporation (TZUP) is undergoing a significant business transformation, shifting from social advertising to focus on digital-asset infrastructure, data-center capacity, and next-generation computation.
- The company raised $50 million in an August 2025 public offering, increasing its total assets to $52 million, which will fund acquisitions and infrastructure development.
- A key part of this strategy is the pending acquisition of Dogehash Technologies, an industrial-scale mining and blockchain-infrastructure operator, which recorded approximately $2.86 million in annualized EBITDA for April-June 2025.
- Dogehash's active fleet of ASIC miners has grown to 3,100 units and is projected to surpass 4,000 by year-end 2025, indicating significant operational expansion.
Dec 4, 2025, 4:30 PM
Thumzup Media Corporation Plans Name Change and Strategic Shift
TZUP
M&A
New Projects/Investments
- Thumzup Media Corporation (Nasdaq: TZUP) intends to change its corporate name to Datacentrex, Inc. and has reserved the Nasdaq ticker symbol "DTCX".
- This name change aligns with the company's new strategic focus on digital infrastructure, blockchain, and data-center opportunities, following the planned acquisition of Dogehash.
- The acquisition of Dogehash is subject to approval by Thumzup's stockholders, Nasdaq, and other customary closing conditions.
- CEO Robert Steele stated the company is well-positioned with approximately $50 million in cash and the pending Dogehash acquisition to pursue additional technology business acquisitions.
Dec 4, 2025, 3:00 PM
Thumzup Media Corporation Announces Strategic Pivot and Pending Acquisition of Dogehash Technologies
TZUP
M&A
New Projects/Investments
- Thumzup Media Corporation (TZUP) is repositioning from its AdTech origins to become a diversified, infrastructure-driven enterprise, focusing on high-growth sectors including digital assets, data centers, quantum-class technologies, real-world-asset (RWA) tokenization, and artificial intelligence.
- The company reported a strengthened balance sheet with more than $52 million in assets and $44 million in cash as of September 30, 2025.
- Thumzup is pending the acquisition of Dogehash Technologies, an industrial-scale blockchain operator specializing in Scrypt-algorithm mining, which is expected to provide infrastructure for digital assets, distributed compute, and AI model hosting. The acquisition is subject to stockholder and Nasdaq approvals.
Dec 4, 2025, 1:37 PM
Thumzup Media Corporation Details Strengthened Balance Sheet and Strategic Shift with Dogehash Acquisition
TZUP
M&A
New Projects/Investments
Revenue Acceleration/Inflection
- Thumzup Media Corporation announced a significantly strengthened financial position, with assets growing to approximately $52 million and cash reaching $44 million as of September 30, 2025, an increase largely driven by an August 2025 common stock offering priced at $10.00 per share.
- The company is undergoing a strategic transformation to become a diversified, technology-driven enterprise, intending to deploy capital for cashflow positive acquisitions in data center operations, cryptocurrency, and AI.
- The pending acquisition of Dogehash Technologies, Inc., a blockchain infrastructure company, is a pivotal part of this strategy, with Dogehash generating $1.8 million in revenue for April-June 2025 and independently valued between $62 million and $199 million.
Nov 20, 2025, 2:37 PM
Thumzup Appoints Chris Ensey to Board of Directors
TZUP
Board Change
M&A
New Projects/Investments
- Thumzup Media Corporation (NASDAQ: TZUP) announced the appointment of Chris Ensey to its Board of Directors, effective October 14, 2025.
- Ensey brings over two decades of experience in cybersecurity, infrastructure, and data center development, including previous roles as CEO/COO of Riot Blockchain and current CEO of Aligned, a data and technology firm focused on GPU cloud services for AI.
- This appointment coincides with Thumzup's planned merger with DogeHash Technologies, Inc. and its strategic expansion of its treasury strategy to include leading cryptocurrencies such as Dogecoin, Litecoin, Solana, Ripple, Ether, and USD Coin.
Oct 13, 2025, 12:18 PM
Thumzup Extends Share Buyback Window Until October 31, 2025
TZUP
Share Buyback
- Thumzup Media Corporation has extended the window for its newly authorized share buyback program from September 30, 2025, to October 31, 2025.
- The company is authorized to repurchase up to $10 million in common stock on the open market.
- Thumzup completed its initial $1 million share repurchase program in September 2025, repurchasing 212,432 shares at a weighted average price of $4.71 per share.
- According to CEO Robert Steele, this decision ensures the company remains positioned to continue returning value to shareholders.
Oct 1, 2025, 12:15 PM
Thumzup provides capital infusion to DogeHash Technologies
TZUP
M&A
New Projects/Investments
- Thumzup Media Corporation (TZUP) has provided a $2.5 million loan to DogeHash Technologies Inc.
- This capital infusion is expected to expand DogeHash's Dogecoin mining capacity by adding more than 500 new ASIC miners, potentially bringing the total operational rigs to over 4,000 later this year.
- The financing precedes Thumzup's pending acquisition of DogeHash, a move that reinforces Thumzup's strategic push into the cryptocurrency ecosystem. The acquisition is subject to stockholder and Nasdaq approvals, among other conditions.
Sep 30, 2025, 12:30 PM
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more