A publicly traded company on the Nasdaq is making a bet on something new: Dogecoin mining.
What’s happening:
Thumzup Media (NASDAQ: TZUP) is acquiring Dogecoin mining company Dogehash Technologies in a new all stock deal By the numbers:
Thumzup Media will issue 30.7M common shares to acquire 100% of Dogehash Technologies Dogehash Technologies currently operates 2,500 Scrypt ASIC miners that are located within North America data centres Why it matters:
Dogehash Technologies is aiming to become one of the first pure play publicly traded companies focused on mining Dogecoin and Litecoin at significant scale Going deeper:
Thumzup Media just recently successfully completed a $50M USD equity financing round , which was led by Dominari Securities Thumzup Media has also publicly stated they plan to use the new growth capital to begin accumulating digital assets, including Dogecoin and Ethereum Disclaimer
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