Thumzup Media, the nasdaq-listed company supported by Donald Trump Jr. With plans to implement 3,500 Dogecoin mining at the end of the year.
The expansion is expected to come through a pending acquisition of DOGEHASH, a miner that focuses on the SCrypt algorithm that ensures both Dogecoin and Litecoin.
SCrypt is specifically designed to make it expensive to perform large custom hardware attacks by requiring large amounts of memory.
According to the latest shareholder letter, Thumzup intends to buy DOGEHASH’s existing 2,500-rig fleet and add another 1,000 rig by December, conditional on the shareholder’s approval of the All-Stock Agreement.
“Cryptocurrency mining presents what could be one of the greatest opportunities for value creation in the industry,” said the company and projected “material” revenue with high margin from integration.
Revenue estimates range from $ 22.7 million to current DODE prices to more than $ 100 million if the token reaches $ 1. Dogecoin traded near 22 cents on Friday, after being slightly changed over the last 24 hours.
Thumzup’s turning in crypto comes only months after it grafted a $ 1 million Bitcoin position for its treasury in January. The company has since expanded its mandate to include Dogecoin, Litecoin, Solana, XRP, Ether and USDC, with board approval awarded in recent weeks.
The move reflects a wider shift among small cap companies that want to mix crypto exposure with traditional operations. While Microstratey has dominated headlines with its Bitcoin-heavy balance, Thumzup’s strategy leans towards diversification and direct mining on relatively smaller symbols.
Dogecoin Mining has historically been less profitable than Bitcoin due to lower token value and SCrypt’s dynamics, but rising Memecoin -admission has given rise to new interest. Pairing Litecoin and Dogecoin Mining also allows operators to uncover output across two actively traded assets.
If the rigs go live as projected, Thumzup will become one of the largest public Dogecoin mining workers who place themselves square in a market segment that is often rejected as speculative but increasingly embraced by retail streams.
