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October 1, 2025Coinpaper logoCoinpaper

DogeHash Scores $2.5M: 500 Fresh ASICs Aim to Supercharge DOGE—Breakout Watch at $0.238

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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