Thumzup Media Corporation Issues Shareholder Letter Highlighting Strategic Transformation into a Crypto Industry Leader
- Successfully completed a $50 million all-common stock offering at $10 per share, significantly bolstering the balance sheet to fuel aggressive expansion in mining infrastructure and substantial digital asset accumulation
- Pending acquisition of DogeHash Technologies poised to establish a premier, publicly traded, utility-scale Dogecoin mining enterprise
- Ambitious vision to dominate as North America’s leading Dogecoin miner, driving unparalleled scale and innovation
LOS ANGELES, Sept. 4, 2025 /PRNewswire/ — Thumzup Media Corporation (“Thumzup” or the “Company”) (Nasdaq: TZUP), today issued a shareholder letter outlining its strategic transformation into a leader in cryptocurrency mining, supported by a pending acquisition of DogeHash Technologies, Inc. (“DogeHash”), a dedicated Dogecoin mining company.
Dear Fellow Shareholders,
Thank you for your continued support for Thumzup and our shared vision to build a transformative, billion-dollar enterprise.
Thumzup Media listed on Nasdaq last October with an upsized $8.2 million offering at $5 per share, poised to dominate, disrupt, and redefine the social media marketing landscape. We had engineered a groundbreaking platform that empowers content creators on Instagram, and soon TikTok, to earn direct payments from advertisers for authentic, positive endorsements of their products. Building on this momentum, our board of directors authorized us to buy and hold Bitcoin as a treasury asset. We invested an initial $1 million in Bitcoin (BTC) in January 2025. The positive investor response validated our vision and rewarded our BTC Allocation Strategy.
Following this positive shareholder reaction, we intensified our strategy, authorizing further investments in select cryptocurrencies. In late January, we invested another $1 million in Bitcoin. This was followed by a $6.5 million raise at $6 per share in June 2025 from strategic investors. This transaction not only fortified our cap table but also forged a pivotal relationship with Dominari Securities, a powerhouse investment bank with deep expertise and networks in the cryptocurrency ecosystem. It also brought in key strategic investors to the Company’s shareholder base. In early August 2025 we closed a $50 million all common stock offering through Dominari Securities at $10 per share. This influx of healthy capital further strengthened our balance sheet and positioned us for a transformative launch into the cryptocurrency space.
On August 19th, we announced the execution of definitive agreements that are subject to shareholder approval to acquire a premier Dogecoin mining operation currently mining with 2,500 state-of-the-art mining rigs, with another 1,000 best in class miners ordered, that should be delivered later this year. With substantial high-margin revenues, this transaction places Thumzup on an accelerated, high-confidence trajectory to significant shareholder value creation, and could likely surpass the potential of our original digital advertising platform with reduced need for outside capital.
With capital from our recent offering, we expect to further expand this fleet, with the goal of materially increasing our revenue run-rate into 2026 and beyond. According to Bitmain, as an example, Antminer L9s (which are similar to the miners Dogehash utilizes but are not identical) have a hash rate of 16 GH/s (Gigahash) consuming 3,360W of power (Crypto Miner). As an illustrative example, Bitmain’s mining calculator estimates 3,500 of these miners could generate high-margin annual revenues of the following at these Dogecoin prices (Bitmain):
- $0.22/DOGE: $22.70 million (current market price)
- $0.30/DOGE: $30.96 million
- $0.40/DOGE: $41.28 million
- $0.50/DOGE: $51.60 million
- $1.00/DOGE: $103.19 million
Actual results may vary, and this estimate is as of September 2, 2025. This pending acquisition marks the Company’s entry into the rapidly growing $10.5 billion cryptocurrency mining market, which is projected to reach $22.6 billion by 2035, which is an 8.9% CAGR, according to Business Research Insights. Importantly, it should diversify our revenue streams while positioning us as one of the few publicly traded, utility-scale …
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