Thumzup Media, the company that lies in Nasdaq backed by Donald Trump Jr., is making a great commitment to favorite Dogecoin with plans to display 3,500 mining platforms of Dogecoin at the end of the year.
The expansion is expected to arrive through a pending acquisition of Degehash, a miner centered on the Scrypt algorithm that ensures both Dogecoin and Litecoin.
SCRYPT is specifically designed to make large -scale custom hardware attacks by requiring large amounts of memory.
According to its last shareholder letter, Thumzup intends to buy the existing fleet of 2,500-RIG of Degehash and add another 1,000 platforms before December, depending on the approval of the shareholders of the agreement of the entire ACRE.
“Cryptocurrency mining presents what could be one of the greatest opportunities for creating value in industry,” said the company, projecting “material” income of high margin of integration.
Income estimates range from $ 22.7 million at current Doge prices for more than $ 100 million if the token reaches $ 1. Dogecoin quoted about 22 cents on Friday, having remained little changed in the last 24 hours.
The Thumzup pivot in Crypto occurs only a few months after sowing a $ 1 million bitcoin position for its treasure in January. Since then, the firm has expanded its mandate to include Dogecoin, Litecoin, Solana, XRP, Ether and USDC, with the approval of the Board granted in recent weeks.
The movement reflects a broader change among small capitalization companies that seek to combine exposure to cryptographic with traditional operations. While Microstrategy has dominated the headlines with their Bitcoin-Pesado balance, Thumzup’s strategy leans towards diversification and direct mining income in relatively smaller tokens.
Dogecoin Mining has historically been less profitable than Bitcoin due to a lower Token value and Scrypt dynamics, but Memecoin’s rising adoption has caused a new interest. The pairing of Litecoin and Dogecoin Mining also allows operators to cover production in two assets that are actively negotiated.
If the platforms are going to live as projected, Thumzup will become one of Dogecoin’s largest public miners, positioning directly within a market segment often discarded as speculative but increasingly adopted by retail flows.
