Thumzup Media has loaned US$2.5 million to Dogehash Technologies, which specializes in mining Dogecoin.
According to the announcement, Thumzup is helping Dogehash Technologies in expanding its fleet of crypto miners with a 500 ASIC mining rig. With this addition, Dogehash’s fleet will hit 4,000 crypto mining rigs by the end of this year.
Thumbzup Stock Jump 3.80%
Thumzup Media stocks increased 3.80% based on, along with ticker Tzup data From Yahoo Finance. The shares closed today at USD 5.19 and have a 45.77% year-on-year (YTD) return. Tzup began trading on Nasdaq Exchange after a successful public offer last October. Trump supported the company, raised US$8.2 million and priced shares at the time of $5.
Robert Steele, CEO of Thumzup; I said“We are passionate about all the recent developments in the Dogecoin ecosystem and look forward to working with Dogehash to build Doge Mining Company together.”
Early September, Cryptopolitan It has been reported Thumzup Media has announced its intention to purchase approximately US$1 million of Bitcoin (BTC) and expand its holdings of ETH, DOGE, XRP, SOL, LTC and USDC. Thumzup has also announced plans to acquire Dogehash Technologies and run the miner.
On September 24th, Thumzup approved a US$10 million share buyback plan. This will run until the end of next year. The digital advertising company has previously announced similar buyback plans, but it had a budget of USD 1 million. It repurchased 212,432 common stocks at an average price of $4.71 per share.
Currently, Thumzup holds 19.106 bitcoins Around it A total of 7.5 million dogecones ~4 million US dollars. Digital advertising companies are permitted by the board to hold cryptocurrency worth US$250 million.
Dogecoin trades sideways
Dogecoin (Doge) is currently trading at USD 0.27. Memecoin has seen a better day in its final Bull Run of 2021 thanks to Elon Musk’s push. Doge, who traded at St. at the time I jumped To the highest ever USD 0.7316 It’s almost inspiring US $ 1 point.
Elon Musk continues to support Dogecoin. He created the Department of Government Efficiency (DOGE) with the blessings of his fellow Donald Trump. However, the move did not push Dogecoin to reach $1.
At the time of writing, Dogecoin (Doge) has dropped by 68.2% from an all-time high. MemeCoin’s market capitalization is USD 35.19 billion, with 24-hour trading volume of USD 1.97 billion. Aggregated data From Coingecko.
this The crypto market cycle is Power By system money and ETFs. Around it 14 days ago, Rex-Soprey First list has been announced Based in the US Dogecoin ETF with CBOE BZX Exchange ticker symbol Doje. Other DogeCoin ETF applications from Grayscale and Bitwise are still pending. Analysts believe Dogecoin ETF will drive Memecoin to a new high, but the truth is that the market is unpredictable.
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