Trump-Linked Thumzup Expands Its Business Into Dogecoin Mining

Jakarta, Pintu News – Thumzup Media Corporation, which has ties to the Trump family, recently announced a major acquisition of Dogehash Technologies, Inc.

This move marks Thumzup’s serious expansion into the crypto mining sector, particularly Dogecoin (DOGE) and Litecoin (LTC).

Acquisition Strategy and Its Impact

In a released announcement, Thumzup Media Corporation stated that it will acquire Dogehash, an industrial-scale blockchain infrastructure company. Dogehash is known for its expertise in mining Scrypt-based assets such as Dogecoin (DOGE) and Litecoin (LTC).

Read also: Dogecoin Climbs 3% Today (Aug 21): Poised for a Breakout as Key Levels Hold Strong

The company operates around 2,500 advanced ASIC miners in North America, with capacity expansion plans to be completed by the end of the year.

Thumzup CEO, Robert Steele, revealed that the merger will accelerate Thumzup’s evolution from a digital marketing platform to a diversified digital asset finance and infrastructure business.

“We will not only mine Dogecoin (DOGE) and Litecoin (LTC) efficiently, but also explore utility-driven use cases that utilize Dogecoin’s fast settlement and low fees for everyday payments and rewards,” Steele explained.

Market Reaction and Future Projections

Following the announcement of the Dogehash acquisition, Thumzup shares experienced a sharp drop of almost 46% (20/8), from $8.28 to $4.60. This drop was one of the largest since the company was listed.

However, the stock has recovered, with a recent price above $5. Analysts attribute this massive sell-off to execution risk and share dilution.

Meanwhile, Dogecoin itself is experiencing selling pressure in the broader crypto market downturn. DOGE fell 1.09% on August 20 to $0.213, extending a weekly decline of more than 11%.

Analysts attributed this weakness to the general market correction and not to the announcement.

Read also: Short-Term Holders Keep Buying Bitcoin Despite Losses — Is a Rebound on the Horizon?

Long-term Vision and Economic Impact

Thumzup plans to not only become a major player in Dogecoin mining, but also to integrate the use of Dogecoin in everyday transactions.

With large mining capacity and access to renewable energy, Thumzup has the potential to reduce transaction costs and improve operational efficiency. This marks a shift from crypto buyers to direct producers, which can provide a sustainable source of income.

Dogehash CEO Parker Scott emphasized the long-term benefits of owning and operating your own mining fleet.

“We have not only used cash to buy cryptocurrencies, but have invested in mining infrastructure,” Scott said.

This approach creates a sustainable source of Dogecoin, regardless of short-term market price fluctuations.

Overall, with this acquisition, Thumzup not only strengthens its position in the crypto market but also sets a strong foundation for future growth and innovation.

This strategic move is expected to bring about a significant transformation in the way enterprises and consumers interact with blockchain technology and cryptocurrencies.

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Reference:

• Brian Danga. Thumzup’s $50M Expansion Fuels Dogecoin Mining Ambitions. Accessed on August 21, 2025
• Coingape. Trump-Linked Thumzup Expands into Dogecoin Mining. Accessed on August 21, 2025
• Crypto News. Trump-Linked Thumzup Dogecoin Mining Operation. Accessed on August 21, 2025