Thumzup Lends $2.5 Million to DogeHash to Speed Dogecoin Mining Buildout
The financing advances a pending DogeHash acquisition awaiting shareholder approval.
Overview
- Thumzup Media provided a $2.5 million loan intended to fund the deployment of more than 500 new ASIC miners at DogeHash.
- DogeHash currently runs about 2,500 Dogecoin mining rigs with at least 1,000 additional units scheduled for delivery, company statements show.
- The companies say the expansion positions the fleet to exceed 4,000 active miners by the end of 2025.
- The capital was extended ahead of Thumzup’s planned all‑stock purchase of DogeHash, which has not yet received shareholder approval.
- Thumzup reports holdings of roughly 19.1 BTC and 7.5 million DOGE and has authorized a $10 million share buyback, with market interest in Dogecoin boosted by the DOJE ETF’s strong debut trading volume.