Trump-Backed Thumzup Eyes $100M Upside With Dogecoin Mining Push
Thumzup Media is betting big on retail-favorite Dogecoin, unveiling plans to operate 3,500 rigs by year-end through the acquisition of Scrypt miner Dogehash.
The all-stock deal would add Dogehash’s 2,500 active rigs to Thumzup’s portfolio, with another 1,000 scheduled for deployment before December. The company expects “material” high-margin revenue, estimating earnings of $22.7 million at current prices and more than $100 million if Dogecoin rallies to $1.
The strategy marks a sharp expansion beyond Thumzup’s $1 million bitcoin allocation earlier this year. The firm has since secured board approval to hold multiple digital assets and is now pursuing direct mining income as well.
Pairing Dogecoin with Litecoin mining provides a hedge across two active tokens, while tapping into growing memecoin adoption. Should the plan advance, Thumzup would rank among the largest public players in Dogecoin mining.
