Thumzup of Trump Family Link Media Corporation is set to acquire 3,500 Dogecoin Mining Rigs and expects to bring in $103 million annual revenues depending on whether Dogecoin hits a dollar.
In a shareholder’s letter released Thursday, Thumzup Media Corporation revealed that it will execute a final agreement pending shareholder approval and obtain Dogecoin (Doge) mining operations with the first 2,500 rigs and 1,000 orders.
In August, the company said it was pivoting from the AdTech platform to crypto mining through a pending acquisition of Dogehash Technologies, which operates Dogecoin Miners.
The total company will be renamed Dogehash Technologies Holdings and trade under Ticker XDOG. The company reported completion of its $50 million share offering in August.
The company also made bold predictions about mining Dogecoin using 3,500 bitmain anti-miners. At current prices, the company expects annual revenue of $22.7 million, and it says that if Dogecoin reaches $1, the company can make $103 million in annual revenue.
Doge is currently trading down at $0.214 a day, exceeding 70% of its 2021 history high.
Dogecoin was not able to play in 2025. Source: TradingView
Dogecoin Mining is more profitable than Bitcoin Mining
Thumzup cited publicly traded minor bit mining in December, which reported in December that Dogecoin Mining Operations was nearly three times more profitable than Bitcoin (BTC) mining alone.
Dogecoin, which has a market capitalization of over $32 billion and daily trading volumes of over $1.3 billion, has described it as “one of the most widely held cryptocurrencies.”
Related: Dogecoin’s “Next Wave” targets $1.40 as the first Doge Treasury was launched
Thumzup is framing it as poised to become one of the few utility-scale Dogecoin Miners, citing the $10.5 billion crypto mining market, which is expected to more than double by 2035.
This week, Kucoin announced plans to acquire 10% of its Dogecoin mining capacity as more companies turn their attention to alternative crypto assets.
The Ministry of Cryptocurrency’s Ambition
In addition to Bitcoin, the Thumzup Board has approved Holding Holdings for Dogecoin (Doge), Litecoin (LTC), Solana (Sol), XRP (XRP), Ether (ETH), and USDC (USDC).
According to Bitcointreasuries.net, Thumzup holds 19.1 BTC worth approximately $2.1 million.
According to a July filing, Donald Trump Jr., the son of US President Donald Trump, bought 350,000 shares of the company. Trump’s family ties flow deeper through Dominari Securities, the investment bank that encouraged Thumzup’s fundraising.
According to Google Finance, Company Stock (TZUP) rose 5.3% on the day to close the session at $5.57. The stock has fallen sharply from over $15 from its August high, but has risen 62% since the beginning of the year.
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