Thumzup Media Doubles Down on Dogecoin Mining Expansion
Thumzup Media shifts gears—pivoting hard into Dogecoin mining as adoption surges.
Strategic Expansion
The move signals deeper crypto integration beyond social engagement, tapping into meme-coin’s resilient ecosystem.
Market Positioning
While critics smirk at 'funny money' ventures, Thumzup bets big on community-driven assets—because sometimes the joke earns more than the serious stuff.
Looking Ahead
Expect hardware rollouts, hashrate boosts, and maybe even a nod from crypto Twitter’s elite. After all, in digital assets, even memes mine profit.
Thumzup Media, listed on Nasdaq and endorsed by Donald TRUMP Jr., has announced an ambitious expansion in Dogecoin
$0.000324 mining. In a recent letter to shareholders, the company disclosed plans to acquire 2,500 mining devices and install an additional 1,000 by year’s end. This development follows the ongoing approval process for the acquisition of Dogehash.
3,500 Mining Devices Initiative
Last month, Thumzup Media reached an agreement to acquire Dogehash in exchange for stock. Dogehash operates using the Scrypt algorithm, which is specifically utilized for mining Dogecoin and Litecoin. Upon completion of the acquisition, Thumzup Media anticipates a total of 3,500 mining devices from the acquired 2,500 units alongside the planned 1,000 new installations.
With this expanded capacity, the company projects potential revenues of approximately $22.7 million at the current market prices. If Dogecoin’s value rises to $1, the revenues could soar to $103.19 million.
Thumzup Media’s Cryptocurrency Strategy
In January, Thumzup Media solidified its position in the cryptocurrency space with a $1 million Bitcoin
$112,405 investment, forming its crypto portfolio. Recently receiving approval from its board, the company has broadened its scope to include Dogecoin, Litecoin, Solana
$206, XRP, Ethereum
$4,407, and USDC.
Thumzup Media’s shares closed Thursday with a 5.29% increase, valuing the stock at $5.57. This uptick was triggered by the announcement regarding the Dogehash acquisition and the plans for new mining devices.
Meanwhile, dogecoin has experienced a 0.49% increase in the past 24 hours, trading above the $0.20 threshold at $0.2170. Data indicates that this memecoin has risen by 10.2% over the last week, maintaining a predominantly horizontal movement pattern.
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