Thumzup, associated with Trump Thumzup, plans to acquire 3500 Dogeco mining platforms and expects annual revenues to achieve up to $ 103 million, depending on whether Dogecoin is reaching the dollar.
In one of the shareholders letter Thursday, Thumzup Media Corporation revealed that it has implemented final agreements, pending the approval of the shareholders, to obtain Dogecoin (Dodge) The mining process with 2500 initial platforms and 1000 again.
In August, the company said it has from the Adtech platform to the coded currency mining through the suspended acquisition of Dogehash Technologies, which runs the workers of Dogecoin miners.
The joint company will be renamed with Dogehash Technologies Holdings and Trade Under the XDOG index. The company mentioned an end From offering a share of $ 50 million in August.
The company also provided bold predictions about the use of 3500 Portrait Antminers to sing Dukwin. At current prices, the company expects annual revenues of $ 22.7 million, and if Dogecoin reaches $ 1, the company can achieve up to $ 103 million of annual revenue.
DOGE is currently trading a day at $ 0.214 and remains less than 70 % of its highest level ever.
Dogecoin mining is more profitable than bitcoin mining
Thumzup mining miner bit mining, who mentioned in December, was martyred that Dogecoin mining operations were almost three times more profitable than Bitcoin (BTC) Mining alone.
He pointed out that Dogecoin, with a market value of more than $ 32 billion and a daily trading volume of $ 1.3 billion, is “one of the most widely encrypted currencies.”
Related to: The “Next Wave” targets from Dogecoin $ 1.40, where First Doge Treasury has been launched
Thumzup sets itself as ready to become one of the workers circulating for the public, who expect a $ 10.5 billion encryption mining market, which is expected more than twice in 2035.
This week, Cocoin Plans announced To capture 10 % of the DOGECOIN mining capacity as more companies turn into alternative encryption assets.
Treasury encryption aspirations
In addition to Bitcoin, Thumzup Council authorized Dogecoin (Dodge), Litecoin (Ltc), Solana (Teller), XRP (Xrp), Al -Atheer (Eth) And USDC (USDC).
Thumzup 19.1 BTC has a value of about $ 2.1 million, According to To bitcointreasuries.net.
Donald Trump Junior, US President Donald Trump’s son, bought 350,000 shares from the company, according to the July report. Trump’s family contact also It runs deeper Through Dominary Securities, the investment bank that facilitated the collection of donations at Thumzup.
The shares of the company (TZUP) was traded by 5.3 % a day, ending the session with $ 5.57, According to To Google Finance. Her shares have decreased severely from the highest level in August by more than $ 15, but are still 62 % since the beginning of this year.
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