Thumzup, Backed by Trump, to Deploy 3,500 Dogecoin Mining Rigs Through Dogehash Deal

Thumzup to Acquire Dogehash, Add 3,500 Dogecoin Mining Rigs

Thumzup Media, the Nasdaq-listed firm backed by Donald Trump Jr., is preparing a large-scale entry into Dogecoin mining through the planned acquisition of Dogehash, a Scrypt-focused operator that secures both Dogecoin and Litecoin.

Under the proposed all-stock deal, Thumzup would take over Dogehash’s 2,500-rig fleet and add another 1,000 rigs before year-end, pending shareholder approval. The company expects the expansion to generate “material” high-margin revenue, estimating between $22.7 million at current Dogecoin prices and more than $100 million if the token reaches $1.

The move builds on Thumzup’s January purchase of $1 million in bitcoin for its treasury. Since then, the firm has broadened its mandate to include multiple digital assets such as Dogecoin, Litecoin, Solana, XRP, ether and USDC.

If completed, the deal would position Thumzup among the largest publicly traded Dogecoin miners, highlighting a trend of smaller-cap firms diversifying into crypto and targeting retail-driven assets.