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Thumzup To Expand Into Dogecoin Mining With DogeHash Acquisition Plans
Thumzup Media plans to deploy 3,500 Dogecoin mining rigs, projecting up to $103 million in annual revenue if Dogecoin reaches $1, while diversifying from ad tech to crypto assets.
- Thumzup Media Corporation announced it is acquiring DogeHash Technologies and plans to rename as Dogehash Technologies Holdings, trading on Nasdaq under XDOG.
- The acquisition, pending shareholder approval and expected to close before year-end, follows Thumzup's crypto expansion with $1 million Bitcoin purchases and a recent $50 million stock raise.
- The deal includes acquiring DogeHash's existing 2,500 Dogecoin mining rigs and adding 1,000 more, supported by a crypto advisory board led by Alex Hoffman and a partnership with Coinbase Prime.
- Thumzup projects that operating a fleet of 3,500 mining units may yield annual revenues ranging from $22.7 million up to $51.6 million, influenced by the Dogecoin market value, referencing estimates from Bitmain’s Antminer calculators. CEO Robert Steele emphasized that the agreement is expected to deliver substantial value to shareholders.
- This move marks a shift from social media marketing to crypto mining and asset investing, aiming to diversify revenue streams and potentially outperform its original platform into 2026 and beyond.
15 Articles
15 Articles
Thumzup To Expand Into Dogecoin Mining With DogeHash Acquisition Plans
Thumzup Media Corporation (NASDAQ:TZUP) on Thursday announced it is pursuing the acquisition of DogeHash Technologies, a move that would bring 3,500 Dogecoin (CRYPTO: DOGE) mining rigs under its control. What Happened: The pending deal, disclosed in a shareholder letter, marks a strategic shift for the company from advertising technology to large-scale cryptocurrency mining. The Los Angeles-based firm said DogeHash currently operates 2,500 Dogec…
Earlier focused on digital marketing, the company Thumzup —backed by Donald Trump Jr.— aspires to lead DOGE mining with 3,500 teams after the acquisition of DogeHash mining. *** Thumzup —backed by Donald Trump Jr. — aspires to lead DOGE mining with 3,500 teams. It will expand its operation once the acquisition of DogeHash cryptocurrency mining is completed. Previously focused on digital marketing, the company will now engage in Dogecoin mining. …
Altcoins LTC, SOL, XRP, ETH Poised After Trump Jr. Firm’s Investment
Thumzup Media Corp. invests in BTC, DOGE, LTC, SOL, XRP, ETH, and USDC. The firm acquires 2,500 Dogecoin miners, potentially expanding to 3,500. Institutional adoption boosts DOGE, Litecoin fees spike, and Solana revenue surges. Thumzup Media Corporation, backed by Donald Trump Jr., has made a major pivot into crypto, signaling renewed momentum for leading altcoins. In a recent shareholder letter, the Nasdaq-listed company confirmed a $1 million…
Trump-Backed Thumzup to Add 3,500 Dogecoin Mining Rigs With Dogehash Deal
Thumzup Media, the Nasdaq-listed company backed by Donald Trump Jr., is making a major bet on retail favourite dogecoin (DOGE) with plans to deploy 3,500 Dogecoin mining rigs by year-end. The expansion is expected to come through a pending acquisition of Dogehash, a miner focused on the Scrypt algor...
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