Thumzup Media Corporation issued a shareholder letter outlining its strategic transformation into a leader in cryptocurrency mining, supported by a pending acquisition of DogeHash Technologies, Inc. The letter detailed the company's evolution since its Nasdaq listing in October 2024 with an $8.2 million offering at $5 per share.
The company's digital asset strategy intensified with an initial $1 million Bitcoin investment in January 2025, followed by another $1 million later that month. A $6.5 million raise at $6 per share in June 2025 and a $50 million all common stock offering at $10 per share in early August 2025 further strengthened its balance sheet.
The pending DogeHash acquisition will initially add 2,500 Doge mining rigs, with another 1,000 ordered, positioning Thumzup in the rapidly growing $10.5 billion cryptocurrency mining market. The company also expanded its partnership with Coinbase Prime and diversified its crypto holdings to include Dogecoin, Litecoin, Solana, Ripple, Ether, and USD Coin. By August 2025, the AdTech platform surpassed 34,000 social media posts approved and paid, and achieved over 1,000 advertiser locations.
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