#THUMZUP Projects $103M Annual Revenue from #DOGECOİN Mining
Thumzup Media Corporation plans to acquire 3,500 Dogecoin mining rigs through definitive agreements pending shareholder approval. The #TRUMP family-linked company expects substantial revenue if $DOGE reaches $1.
The acquisition targets #dogehash Technologies' mining operation, with 2,500 initial rigs plus 1,000 additional units ordered. Combined operations will rebrand as Dogehash Technologies Holdings, trading under ticker XDOG. The firm completed a $50 million share offering in August.
Revenue projections vary significantly based on DOGE price performance. At current levels, the company anticipates $22.7 million in annual revenue from 3,500 Bitmain Antminers. Should Dogecoin reach $1, projected annual revenue could hit $103 million according to company statements.
DOGE currently trades at $0.214, down more than 70% from its 2021 all-time highs. The token maintains a market cap exceeding $32 billion with daily trading volumes around $1.3 billion. Company executives cite these metrics as evidence of widespread adoption.
$Thumzup referenced BIT Mining's December report showing DOGE operations are nearly three times more profitable than $BTC mining alone. This comparison influenced the company's strategic pivot toward alternative cryptocurrency mining. The $10.5 billion crypto mining market could double by 2035, according to industry projections.
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