Thumzup To Expand Into Dogecoin Mining With DogeHash Acquisition Plans

Thumzup Media Corporation (NASDAQ:TZUP) on Thursday announced it is pursuing the acquisition of DogeHash Technologies, a move that would bring 3,500 Dogecoin (CRYPTO: DOGE) mining rigs under its control.

What Happened: The pending deal, disclosed in a shareholder letter, marks a strategic shift for the company from advertising technology to large-scale cryptocurrency mining.

The Los Angeles-based firm said DogeHash currently operates 2,500 Dogecoin mining rigs, with another 1,000 expected for delivery later this year.

Completion of the acquisition is subject to shareholder approval.

Thumzup estimated that a fleet of 3,500 rigs could generate between $22.7 million and $51.6 million in annual revenue, depending on …

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