Trump’s Thumzup Media Boost Dogecoin Mining Fleet, Pumps $2.5M Into DogeHash
Highlights
- Trump-affiliated Thumzup Media invests $2.5 million in DogeHash Technologies to boost Dogecoin mining.
- Funding will add 500+ next-gen ASIC miners, raising DogeHash’s operational fleet to over 4,000 rigs by year-end.
- Investment follows Thumzup’s full acquisition of DogeHash, signaling a strong push into large-scale crypto infrastructure.
Trump-backed Thumzup Media has invested $2.5 million in DogeHash Technologies. This is in a bid to boost its Dogecoin mining fleet as it looks to expand.
Thumzup Media Injects $2.5M Into Dogecoin Mining
In a recent press release, Thumzup Media Corporation, a Nasdaq-listed company affiliated with the Trump family, announced a $2.5 million financing package for DogeHash. The capital is expected to significantly expand its Dogecoin mining fleet. This would accelerate the deployment of next-generation ASIC machines.
The funds will add more than 500 new miners, bringing DogeHash’s operational rigs to over 4,000 by year-end. According to the firm’s executives, the investment is more than just a short-term capital boost. It is part of a broader strategy to position the company as a major force in cryptocurrency infrastructure and DOGE adoption.
Robert Steele, CEO of the firm, called the collaboration a step toward building a top mining company.
“We are enthusiastic about all the recent developments in the Dogecoin ecosystem and are looking forward to working with DogeHash to build a premier DOGE mining company together,” he said.
Parker Scott, who leads DogeHash, added that the loan provides a boost to expand capacity during the token’s market adoption.
“This helps us accelerate our deployment of cutting-edge Doge mining hardware. These funds are anticipated to add more than 500 ASIC miners to our fleet, expanding our efficiency and scale during a pivotal period for the Dogecoin market,” he said.
The investment follows Thumzup Media’s acquisition of DogeHash outright through an all-stock deal. DogeHash specializes in industrial-scale mining of Scrypt-based assets, such as DOGE and LTC. This made the acquisition a vital entry point for the Trump company into large-scale crypto infrastructure.
Thumzup Media Expanding Treasury Strategy
In a recent shareholder letter, the Trump company confirmed its crypto strategy had evolved beyond Bitcoin to include multiple high-profile tokens. The company revealed ongoing purchases of DOGE and XRP. This reflects its view that these assets will play a central role in the institutional adoption of digital currencies.
For instance, the firm partnered with Coinbase after it raised $50 million in a public offering to strengthen its treasury management. The funds were earmarked for new mining equipment and a diversified digital asset portfolio including XRP, Bitcoin, Ethereum, Solana, and Litecoin.
Beyond Thumzup Media, the token is drawing attention from other corporations as well. CleanCore purchased more Dogecoin, lifting its total holdings to over 600 million, valued at more than $160 million. The firm has set an ambitious target of one billion tokens within the next month and aims to eventually capture up to 5% of the circulating supply of tokens.
This surge of institutional accumulation reflects how DOGE has now become a legitimate part of the corporate crypto playbook.
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