Trump-Backed Thumzup Seizes Dogecoin Mining Operation in Bold Crypto Power Move

Thumzup Media Corporation—the controversial crypto venture linked to former President Donald Trump—just dropped a bombshell acquisition that's shaking the meme coin ecosystem to its core.

The Strategic Play

They're swallowing a major Dogecoin mining operation whole. Not dipping toes—going all in on proof-of-work infrastructure while everyone else flees to proof-of-stake. This isn't just betting on DOGE; it's betting against the entire 'green crypto' narrative.

Market Mechanics Shift

Control the mining, control the network's heartbeat. Thumzup now directly influences transaction validation and new coin issuance for one of the world's most traded cryptocurrencies. That's not influence—that's leverage.

Trump's Shadow Portfolio Grows

Another 'MAGA-adjacent' asset joins the orbit. First Truth Social, now literal digital gold mining. Because nothing says stable investment like combining political volatility with crypto's inherent chaos.

Because when traditional finance zigs, disruptive players zag straight into the mine—literally.

Dogehash Runs 2,500 Scrypt Miners Across North America

Dogehash operates roughly 2,500 Scrypt ASIC miners across North America, focused on producing dogecoin and Litecoin. The company plans to expand its fleet later this year, targeting significant growth in output through 2026. Its operations are centered at a renewable-energy data center, with satellite sites being added to scale production.

$TZUP and Dogehash aim to become the world's leading #Dogecoin mining platform and will leverage Dogecoin Layer-2 infrastructure via staking in DeFi products within the DogeOS ecosystem to enhance miner economics and amplify yield beyond base block rewards.…

By joining forces, Thumzup and Dogehash expect to leverage Dogecoin’s Layer-2 infrastructure through DeFi staking products built into the DogeOS ecosystem.

Executives say this will improve mining economics and deliver higher yields than standard block rewards. Performance metrics will be disclosed after the merger closes.

Dogecoin, one of the most actively traded cryptocurrencies, is valued for its fast block times and low transaction fees. It has an inflationary but predictable supply that mirrors fiat currency issuance, making it a staple for high-throughput payments and trading. The asset consistently records millions in daily volume and remains one of the top cryptocurrencies by market capitalization.

Thumzup Acquisition Follows $50M Fundraising Round

Thumzup chief executive Robert Steele said the deal WOULD accelerate the company’s transformation from a marketing platform into a diversified digital asset infrastructure player.

Meanwhile, Dogehash head Parker Scott said the company had invested in infrastructure rather than speculative trading. “Unlike many companies that simply used their cash to buy cryptocurrency, we have invested in mining infrastructure. By owning and operating our own fleet of ASICs, we generate revenue directly from production, creating an ongoing, sustainable source of Dogecoin,” he said.

Further, the acquisition comes after Thumzup raised $50m in July. The funds were set aside to expand its crypto strategies and buy more mining rigs. Additionally, the board approved up to $250m in digital asset holdings. These include Bitcoin, Dogecoin, Litecoin, Solana, XRP, Ether and USDC.

Thumzup began its crypto journey in January by purchasing Bitcoin and now holds 19.1 BTC. Its shift into mining marks a new chapter for the Los Angeles-based firm, which until recently was best known for its digital marketing platform that rewarded users for promoting brands on social media.

The company gained further visibility in July when Donald TRUMP Jr., son of the US president, bought 350,000 shares worth nearly $3.3m at the time, according to regulatory filings. The purchase positioned the Trump family as notable backers of Thumzup’s growing ambitions in digital assets.