Thumzup Media Corporation is making a bold move in the cryptocurrency sector injecting $2.5 million into DogeHash Technologies to expand its Dogecoin mining 0 capital infusion structured as a loan comes ahead of Thumzup’s pending acquisition of DogeHash and is designed to accelerate deployment of next-generation ASIC 1 to the press release
with this funding DogeHash plans to add over 500 new mining rigs potentially increasing the total operational fleet to more than 4,000 by the end of 2 step signals Thumzup’s strategic commitment to scaling its presence in the Dogecoin 3 Mining Capacity The fresh funding enables DogeHash to deploy cutting-edge mining hardware quickly enhancing efficiency and 4 move also aligns with Thumzup’s broader vision of becoming a leading player in cryptocurrency 5 the immediate operational benefits
expanding mining capacity positions both companies to capitalize on potential Dogecoin market 6 Steele Thumzup’s CEO emphasized that this initiative reinforces their goal of building a premier Dogecoin mining 7 Scott CEO of DogeHash
noted that the early capital helps accelerate operations during a pivotal 8 more rigs online the company can increase mining output and maintain a competitive edge in the evolving Dogecoin 9 expansion complements Thumzup’s other initiatives including DOGE treasury purchases and the launch of its Crypto Advisory Board creating a multi-faceted approach to digital asset 10 Conditions and Dogecoin’s Price Action Dogecoin has seen an increase in value alongside this 11 token is currently priced at $0.2427
reflecting a 5.73% rise in the past 24 12 market capitalization now exceeds $36.6 billion driven by a circulating supply of 150 billion 13 analysts are closely monitoring this movement with short-term and long-term technical indicators pointing to possible 14 Tardigrade a well-followed analyst
noted that Dogecoin is consolidating inside a symmetrical triangle pattern on the four-hour 15 lies at $0.226 while resistance is positioned at $0.238.
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