Thumzup to Buy 3500 Dogecoin Mining Rigs

Nasdaq-listed Thumzup Media Corporation, which is backed by Donald Trump Jr., has announced plans to buy 3500 mining rigs Dogecoin.

Cryptocurrency mining could be one of the most promising value creation opportunities in the industry. We believe it should generate significant, high-margin revenue for the combined companies, the company said.

In August, Thumzup announced that it planned to buy mining company Dogehash in a stock swap deal. The firm mines cryptocurrency exclusively on the Scrypt algorithm, which is used in Dogecoin и Litecoin.

The acquisition of the miner and installation of new equipment will bring Thumzup revenue of $22,7 million at the current price Dogecoin up to $103,19 million if the memecoin rises to $1. At the time of writing token- the meme was trading at $0,2163. Over the past 0,50 hours, DOGE has risen by 1,10%, and over the week, the increase has amounted to more than XNUMX%.

A company backed by the Trump family launched its crypto treasury in January 2025, investing $1 million in BitcoinAnd recently the board of directors approved the purchase and storage Dogecoin, Litecoin, Solana, XRP, Ethereum and USDC.

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