Thumzup Media Corporation has announced its intent to transform into one of the few publicly traded companies focused on large-scale Dogecoin mining. This transition is made possible through an upcoming merger with DogeHash Technologies.
Reinvention Through Acquisition
Thumzup Media expects to complete its merger with DogeHash Technologies, a mining operator that already controls a fleet of Dogecoin mining rigs. If shareholders approve the merger, the combined entity will be renamed Dogehash Technologies Holdings and will trade under the ticker XDOG.
Revenue Projections from Mining
Thumzup plans to deploy a total of 3,500 Bitmain Antminers. At the current price of Dogecoin around $0.21, the executives believe the rigs could generate nearly $23 million in annual revenue. Should Dogecoin reach $1, the total annual output could exceed $100 million.
Political Connections and Stock Reaction
The Trump family's involvement adds another layer of intrigue, with Donald Trump Jr. disclosing the purchase of 350,000 shares in July, while Dominari Securities, an investment bank linked to the family, has been instrumental in funding the company's pivot. Thumzup stock (TZUP) rose over 5% to close at $5.57, remaining up over 60% since the start of 2025.
Thumzup Media's pivot to Dogecoin mining reflects a growing interest in the cryptocurrency and opens new avenues for revenue. The involvement of political figures adds further intrigue to this development.
