Trump-Backed Thumzup to Add 3,500 Dogecoin Mining Rigs With Dogehash Deal

Thumzup Media, the Nasdaq-listed company backed by Donald Trump Jr., is making a major bet on retail favourite dogecoin (DOGE) with plans to deploy 3,500 Dogecoin mining rigs by ￰0￱ expansion is expected to come through a pending acquisition of Dogehash, a miner focused on the Scrypt algorithm that secures both Dogecoin and ￰1￱ is specifically designed to make it costly to perform large-scale custom hardware attacks by requiring large amounts of ￰2￱ to its latest shareholder letter, Thumzup intends to buy Dogehash’s existing 2,500-rig fleet and add another 1,000 rigs before December, contingent on shareholder approval of the all-stock deal. “Cryptocurrency mining presents what could be one of the greatest opportunities for value creation in the industry,” the company said , projecting “material” high-margin revenue from the ￰3￱ estimates range from $22.7 million at current DOGE prices to more than $100 million if the token reaches $1.

Dogecoin was trading near 22 cents on Friday, having remained little changed over the past 24 hours. Thumzup’s pivot into crypto comes just months after it seeded a $1 million bitcoin position for its treasury in ￰4￱ firm has since expanded its mandate to include Dogecoin, Litecoin, Solana, XRP, ether and USDC, with board approval granted in recent ￰5￱ move reflects a broader shift among small-cap firms looking to blend crypto exposure with traditional ￰6￱ MicroStrategy has dominated headlines with its bitcoin-heavy balance sheet, Thumzup’s strategy leans toward diversification and direct mining revenue on relatively smaller ￰7￱ mining has historically been less profitable than bitcoin due to lower token value and Scrypt’s dynamics, but rising memecoin adoption has sparked new ￰8￱ Litecoin and Dogecoin mining also allows operators to hedge output across two actively traded ￰9￱ the rigs go live as projected, Thumzup will become one of the largest public Dogecoin miners, positioning itself squarely inside a market segment often dismissed as speculative but increasingly embraced by retail flows.