Thumzup Injects $2.5 Million Into Dogehash to Expand Dogecoin Mining Fleet
Thumzup Media Corporation has provided a $2.5 million loan to Dogehash Technologies to expand its dogecoin mining operations, adding more than 500 ASIC miners ahead of a pending acquisition.
Dogecoin Mining Expansion Fueled by Thumzup Capital Injection
Thumzup Media Corporation (Nasdaq: TZUP) has injected $2.5 million into Dogehash Technologies, providing capital to expand the company’s dogecoin mining capacity and accelerate the deployment of next-generation ASIC rigs.
The financing, structured as a loan, comes ahead of Thumzup’s pending acquisition of Dogehash. The funding will allow Dogehash to add more than 500 new miners, potentially pushing its active fleet beyond 4,000 ASIC units.
Executives say the move is part of Thumzup’s broader strategic push into crypto mining and digital asset accumulation. The company has already taken several steps to deepen its footprint in the sector, including purchasing dogecoin for treasury reserves, launching a crypto advisory board, and initiating the Dogehash acquisition process.
“We are enthusiastic about all the recent developments in the dogecoin ecosystem and are looking forward to working with Dogehash to build a premier DOGE mining company together,” said Robert Steele, chief executive officer of Thumzup.
For Thumzup, the expansion highlights its commitment to positioning dogecoin (DOGE) mining at the center of its digital asset strategy. The investment also comes at a time when interest in dogecoin’s role in the broader crypto ecosystem continues to resurface, driven by its strong community support and growing relevance.
Emmanuel Musa
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