Did You Hear the One About the $100M Dogecoin Mining Scheme? 😂💰

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There exists a corporation, linked to the illustrious Trump family, known by the quaint appellation of Thumzup. This peculiar establishment, it seems, hath a grand ambition to procure 3,500 mining contraptions devoted to the crafty art of extracting Dogecoin from the depths of cryptocurrency oblivion. Their noble aspiration? An annual bounty of up to $103 million, contingent upon the capricious whims of fate and whether Dogecoin musters the fortitude to ascend to a dollar. How very audacious! 🤑

In a letter to their shareholders-an epistle both riveting and at times bewildering-Thumzup has disclosed that it is in the process of formalizing agreements, subject to the approval of their esteemed shareholders, to claim dominion over a mining enterprise known for its Dogecoin apparatus. The initial endeavor shall commence with 2,500 ingenious rigs, with an additional thousand already on order. True ambition knows no bounds, indeed! 😆

In a startling turn of events since the month of August, this company has resolutely decided to abandon its prior adtech pursuits in favor of cryptocurrency mining, through an impending acquisition of DogeHash Technologies. Yes, indeed! This latter company merrily operates the Dogecoin extraction devices. Thus, the newly merged entity shall bask in the glorious new title of Dogehash Technologies Holdings and shall trot along the stock market under the ticker emblem XDOG. An announcement of a $50 million share offering completed in August provides further culinary delight to investors’ appetites.

With the tenacity of hungry squirrels in autumn, the firm has proclaimed its intention to employ 3,500 Bitmain Antminers for the sole purpose of mining Dogecoin. By the current evaluations, a mere annual revenue of $22.7 million is forecasted, stretching one’s imagination to consider how it might bloom to a staggering $103 million should Dogecoin decorate itself with the charm of a price increase. What splendid daydreams they must entertain! 💭

As it stands, dear reader, DOGE is presently exchanging hands at the modest sum of $0.214, which, I must regrettably inform you, is down a rather lamentable 70% from its illustrious peak in the year of our Lord 2021. Let us not forget to observe the accompanying image which depicts the very spirit of our discourse.

Dogecoin Mining Rigs

Let Us Discuss the Enlightening Comparison of Dogecoin and Bitcoin Mining

Thumzup, in its so-called wisdom, has taken note of a publicly traded miner, BIT Mining, which delightfully reported in December that Dogecoin mining performed with a profitability nearly thrice that of the infamous Bitcoin endeavor. Who would have imagined? 🤯

Thus, Dogecoin-blessed with a market capitalization exceeding $32 billion and a daily trading volume that tickles the fancy at $1.3 billion-has been cited as one of the most widely coveted cryptocurrencies of our time. Such ambition! Thumzup aims to portray itself as a veritable titan among the very few publicly traded，utility-scale Dogecoin miners, referencing the crypto mining market projected to soar beyond a princely $10.5 billion by the year 2035. Such foresight is enough to inspire admiration, paired with a slight chuckle, no doubt! 😏

This week, the venerable KuCoin has ventured forth with plans to capture a handsome 10% of the Dogecoin mining capacity, as more and more companies take a brave leap into the realm of alternative crypto assets. How very exciting! 🎉

On Their Aspirations for a Crypto Treasury

In addition to their capricious dalliance with Bitcoin, the esteemed board of Thumzup has graciously sanctioned the holding of Dogecoin (DOGE), Litecoin (LTC), Solana (SOL), XRP (XRP), Ether (ETH), and the stable USDC (USDC). Such a splendid collection of currencies surely enhances one’s sense of financial style.

The firm, with a rather impressive collection of 19.1 BTC worth around $2.1 million, is indeed substantial, as indicated by the knowledgeable BitcoinTreasuries.NET. 🎩

Furthermore, we must note that the illustrious Donald Trump Jr.-the offspring of the venerable US President Donald Trump-has taken the rather curious step of purchasing 350,000 shares of said company, according to a filing from July. The connection with the Trump lineage trickles yet deeper through Dominari Securities, the investment bank facilitating Thumzup’s valiant fundraising endeavors.

Current transactions of company stock (TZUP) have seen a rather pleasing uptick of 5.3% for the day, settling amiably at $5.57, as per the reliable Google Finance. Despite a considerable drop from its August loftiness of over $15, at least there is a 62% increase from the year’s start to cling to as a silver lining. Cheers to that, I suppose! 🥂

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2025-09-05 09:04