Thumzup Media Corporation, backed by Donald Trump Jr., is making a significant shift into cryptocurrency mining, particularly Dogecoin. Here's what's happening ¹ ²:
- *Pending Acquisition*: Thumzup is set to acquire DogeHash Technologies, a dedicated Dogecoin mining company operating 2,500 active mining rigs with 1,000 more on order.
- *Expansion Plans*: The company aims to scale up to 3,500 mining rigs, positioning itself as one of North America's largest publicly traded Dogecoin miners.
- *$50 Million Funding*: Thumzup recently closed a $50 million common stock offering to fund this acquisition and expansion.
- *Diversified Treasury*: The company has authorized holding various cryptocurrencies, including:
- *Dogecoin (DOGE)*
- *Ethereum (ETH)*
- *Solana (SOL)*
- *Litecoin (LTC)*
- *XRP*
- *USDC*
- *Projected Revenue*: Thumzup expects annual revenues ranging from $22.7 million at current Dogecoin prices to over $100 million if DOGE reaches $1.
- *Partnership*: The company has expanded its partnership with Coinbase Prime for custody and financing solutions.
With this strategic shift, Thumzup is betting big on Dogecoin mining and diversified crypto treasury to become a major player in the $10.5 billion crypto mining market. As of September 5, 2025, Thumzup's stock price was $5.60 with a market cap of $85.60 million ³.
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