Trump-Backed Thumzup Bets Big on Dogecoin Mining Expansion
Thumzup Media is doubling down on digital assets with plans to run 3,500 Dogecoin mining rigs by year-end through the pending acquisition of Dogehash. The miner specializes in Scrypt, an algorithm that powers both Dogecoin and Litecoin.
The transaction, subject to shareholder approval, would see Thumzup absorb Dogehash’s 2,500 existing rigs and add another 1,000 before December. The company projects annual revenue of $22.7 million at current DOGE prices, with potential to top $100 million if the token climbs to $1.
Thumzup’s shift into mining comes after a $1 million bitcoin treasury allocation in January and subsequent board approval to expand exposure to a range of cryptocurrencies. Unlike MicroStrategy’s concentrated bitcoin approach, Thumzup is opting for diversification and direct mining revenue.
With retail enthusiasm for memecoins fueling fresh demand, Thumzup’s strategy could elevate it into the ranks of top public Dogecoin miners.
