Thumzup Media, the company listed at the Nasdaq supported by Donald Trump Jr., makes a major bet on the Dogecoin retail favorite With the intention of deploying 3,500 Dogecoin extraction platforms by the end of the year.
The expansion should go through an acquisition in the instance of Dogehash, a minor focused on the Scrypt algorithm which secures both Dogecoin and Litecoin.
SCRYPT is specially designed to make it expensive to carry out large -scale personalized hardware attacks by requiring large amounts of memory.
According to his latest shareholders’ letter, Thumzup intends to buy an existing fleet of 2,500-Rig from Dogehash and add 1,000 other platforms before December, subordinate to the approval of shareholders in the agreement on all stocks.
“The mining of cryptocurrencies presents what could be one of the greatest opportunities for creating industry value,” said the company, projecting income from “material” with high margin of integration.
Revenue estimates vary from $ 22.7 million to current DOGE prices to more than $ 100 million if the token reaches $ 1. Dogecoin was exchanging nearly 22 cents on Friday, having not changed little in the last 24 hours.
The pivot of Thumzup in the crypto comes only a few months after having evaluated a bitcoin position of $ 1 million for its treasure in January. The company has since expanded its mandate to include Dogecoin, Litecoin, Solana, XRP, Ether and USDC, with the approval of the board of directors granted in recent weeks.
This decision reflects a broader change among companies with small captain who seek to mix the exposure to cryptography with traditional operations. While Microstrategy dominated the headlines with its heavy balance of Bitcoin, Thumzup’s strategy is leaning towards diversification and direct mining income on relatively smaller tokens.
Dogecoin’s offense has historically been less profitable than bitcoin due to the value of the lower tokens and the dynamics of Scrypt, but the increase in the adoption of the same has aroused new interest. The association of the operating of Litecoin and Dogecoin also allows operators to cover production on two active active ingredients.
If the platforms are broadcast as expected, Thumzup will become one of the largest public dogecoin minors, positioning itself squarely in a market segment often rejected as speculative but increasingly adopted by retail flows.
