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Dogecoin

Dogecoin Mining Gets $2.5M Boost From Trump-Linked Thumzup Media

Christian Encila
by Christian Encila
2 weeks ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

According to multiple reports, Thumzup Media Corporation has provided a $2.5 million loan to DogeHash Technologies to help expand Dogecoin mining operations.

Related Reading: Chinese National At Center Of Historic $6.7B Crypto Bust Pleads Guilty

The cash is tied to an agreement that could turn into an all-stock acquisition, with DogeHash shareholders reportedly set to receive about 30.7 million Thumzup shares under the deal.

That swap, based on the filings and press notes, may lead the combined company to adopt a new ticker and brand if the transaction closes.

Thumzup Expands Mining Fleet

Reports have disclosed the fresh funds will go toward buying and deploying more mining rigs. The plan calls for adding 500+ ASIC miners, which backers say would push the company’s active machines to over 4,000 by year end.

That is a substantial jump from current levels. The company has also been building a treasury of Dogecoin. Based on reports, Thumzup has accumulated roughly 7.5 million DOGE at an estimated cost near $2 million.

Share Swap And Possible Rebrand

Sources indicate the proposed purchase is an all-share transaction rather than a cash sale. The 30.7 million share figure would give DogeHash holders a stake in Thumzup, and some statements suggest management expects to seek a new ticker — mentioned in rumor as “XDOG” — after closing.

Dogecoin currently trading at $0.24. Chart: TradingView

Timelines cited in disclosures point to a closing window in Q4, but that timing depends on regulatory checks and shareholder approvals. The change in focus from marketing services to crypto and mining is being framed by backers as a strategic shift for Thumzup’s business model.

Regulatory And Execution Risks

There are risks. Reports warn that delivering hundreds of ASIC units, securing power, and managing higher operating costs are not simple tasks. Mining difficulty and hardware supply chain delays could blunt the expected gains.

Loan terms and final deal mechanics remain subject to due diligence. Also, while the news has been tied to the Trump family, the link is mainly through prior share purchases by Donald Trump Jr., not direct corporate control.

Related Reading: Gary Gensler’s Vanishing Messages Trigger Republican Inquiry

Market And Shareholder Reaction

Stock and crypto watchers reacted quickly. Some traders bid the shares and Dogecoin higher on the news, while others eyed the deal skeptically.

Analysts pointed out that buying more miners does not guarantee profit if Dogecoin’s network conditions change or energy costs spike. Shareholders will look closely at the details of the loan, any future dilution, and the timeline for full integration of DogeHash into Thumzup.

Featured image from Unsplash, chart from TradingView

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Christian Encila

Christian Encila

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Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

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