Trump-Linked Thumzup Signs Dogehash Deal to Add 3,500 Dogecoin Mining Machines

Thumzup Plans Dogehash Acquisition, Expands Into Dogecoin Mining

Thumzup Media, the Nasdaq-listed company backed by Donald Trump Jr., is moving deeper into digital assets with plans to deploy 3,500 Dogecoin mining rigs before the end of the year.

The expansion is tied to a proposed all-stock acquisition of Dogehash, a miner focused on the Scrypt algorithm used by both Dogecoin and Litecoin. Thumzup aims to take over Dogehash’s 2,500 existing rigs and install an additional 1,000, pending shareholder approval.

The company projects revenue of $22.7 million at current Dogecoin prices, with potential to exceed $100 million if the token climbs to $1. Dogecoin was trading near $0.22 on Friday.

The pivot follows Thumzup’s $1 million bitcoin treasury purchase in January. Unlike MicroStrategy’s bitcoin-heavy approach, Thumzup is opting for diversification across Dogecoin, Litecoin, Solana, XRP, ether and USDC, while also generating direct mining income.

If successful, the deal would make Thumzup one of the largest publicly traded Dogecoin miners, positioning it in a fast-growing but often volatile niche.