Trump-backed Thumzup Media has invested $2.5 million in Dogehash Technologies. This is a bid to boost the Dogcoin Mining Fleet, which appears to be expanding.
Thumzup Media injects $2.5 million into Dogecoin Mining
recently press releaseThumzup Media Corporation, a NASDAQ-registered company belonging to the Trump family, has announced Dogehash’s $2.5 million funding package. The capital is expected to significantly expand its Dogacoin mining fleet. This will accelerate the deployment of next-generation ASIC machines.
The funds add more than 500 new miners and bring Dogehash’s operating rig to more than 4,000 by the end of the year. According to company executives, the investment is more than just a short-term capital increase. This is part of a broader strategy to position the company as a key force in cryptocurrency infrastructure and Doge adoption.
The company’s CEO, Robert Steele, called the collaboration a step towards building a top mining company.
“We are keen on all the recent developments in the Dogecoin ecosystem and look forward to working with Dogehash to build Doge Mining Company together,” he said.
Parker Scott, who leads Dogehash, added that loans will provide a boost to expand capacity during token market adoption.
“This will help accelerate the deployment of cutting-edge Doge Mining Hardware. These funds are expected to add over 500 ASIC miners to the fleet, increasing efficiency and scale during a critical period in the Dogecoin market,” he said.
Investment continues Thumzup Media’s acquisition of Dogehash Completely through trading all shares. Dogehash specializes in industrial-scale mining of Scrypt-based assets such as Doge and LTC. This has resulted in the acquisition making Trump companies a key entry point into large crypto infrastructure.
Thumzup Media is expanding its financial strategy
In a recent letter from a shareholder, Trump confirmed its crypto strategy It evolved beyond Bitcoin to include multiple famous tokens. The company has revealed its ongoing purchases of Doge and XRP. This reflects the view that these assets play a central role in the institutional adoption of digital currencies.
for example, The company has partnered with Coinbase After raising $50 million in public offerings to strengthen financial management. The funds have been allocated to new mining equipment and a diverse portfolio of digital assets, including XRP, Bitcoin, Ethereum, Solana and Litecoin.
Beyond Thumzup Media, The Token is also attracting attention from other companies. CleanCore bought more Dogecoinlifting its total holdings to more than 600 million, exceeding $160 million. The company aims to set an ambitious target of 1 billion tokens within next month, ultimately achieving up to 5% of the circular supply of tokens.
This surge in institutional accumulation reflects how Doge is now a legitimate part of the company’s Crypto Playbook.