Nasdaq-listed Thumzup Media Corporation (TZUP) isn't playing small ball anymore. They've just pulled a complete 180 from adtech to crypto infrastructure with an aggressive $50 million cash grab - all in common stock at $10 per share. Their target? To become North America's dominant Dogecoin miner through acquiring DogeHash Technologies.
I've been watching this space for years, and this kind of pivot screams desperation or brilliance - maybe both. Their letter boasts about adding 2,500 active Scrypt miners with another 1,000 on order. Bold move for a company that's suddenly decided crypto is their salvation.
The Trump connection here isn't subtle. Don Jr. was identified in July as a selling stockholder with 350,000 shares, making him a key player in this transformation. The $50M fundraising was handled by Dominari Securities - where both Don Jr. and Eric Trump conveniently sit on the parent company's advisory board. Funny how these things work, isn't it?
Looking at the deal structure, it's a complete takeover. Thumzup will become "Dogehash Technologies Holdings" and issue a whopping 30.7 million restricted shares to DogeHash shareholders. They're even floating "XDOG" as their potential new ticker. Real subtle branding there.
Their revenue projections are laughably optimistic. They claim 3,500 mining rigs could generate $22.7 million annually at $0.22 per DOGE, or a ridiculous $103.2 million if DOGE hits $1. Right, and I'm the Queen of England. At least they had the decency to include "actual results may vary" in their letter.
What's really happening here is a desperate attempt to capitalize on the Trump name and the memecoin craze. They bought $2 million worth of Bitcoin earlier this year and are now suddenly experts ready to dominate an entirely different cryptocurrency's mining ecosystem?
Meanwhile, Dogecoin was trading at about $0.22 on Thursday - exactly where their "lower end" projections need it to be. How convenient. CEO Robert Steele claims they'll "drive significant value" for shareholders, but this reeks of opportunism riding the crypto wave rather than sustainable business strategy.
If investors approve this madness and Nasdaq gives the green light, Thumzup will transform from a failed adtech company into a "Dogecoin-first industrial mining" operation overnight. And all it took was the Trump name and $50 million of other people's money.
This is either the smartest pivot in corporate history or another crypto cash grab destined for the history books. My money's on the latter.
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Trump Jr.-Linked Firm Goes All-In on Dogecoin Mining With $50M Bet
Nasdaq-listed Thumzup Media Corporation (TZUP) isn't playing small ball anymore. They've just pulled a complete 180 from adtech to crypto infrastructure with an aggressive $50 million cash grab - all in common stock at $10 per share. Their target? To become North America's dominant Dogecoin miner through acquiring DogeHash Technologies.
I've been watching this space for years, and this kind of pivot screams desperation or brilliance - maybe both. Their letter boasts about adding 2,500 active Scrypt miners with another 1,000 on order. Bold move for a company that's suddenly decided crypto is their salvation.
The Trump connection here isn't subtle. Don Jr. was identified in July as a selling stockholder with 350,000 shares, making him a key player in this transformation. The $50M fundraising was handled by Dominari Securities - where both Don Jr. and Eric Trump conveniently sit on the parent company's advisory board. Funny how these things work, isn't it?
Looking at the deal structure, it's a complete takeover. Thumzup will become "Dogehash Technologies Holdings" and issue a whopping 30.7 million restricted shares to DogeHash shareholders. They're even floating "XDOG" as their potential new ticker. Real subtle branding there.
Their revenue projections are laughably optimistic. They claim 3,500 mining rigs could generate $22.7 million annually at $0.22 per DOGE, or a ridiculous $103.2 million if DOGE hits $1. Right, and I'm the Queen of England. At least they had the decency to include "actual results may vary" in their letter.
What's really happening here is a desperate attempt to capitalize on the Trump name and the memecoin craze. They bought $2 million worth of Bitcoin earlier this year and are now suddenly experts ready to dominate an entirely different cryptocurrency's mining ecosystem?
Meanwhile, Dogecoin was trading at about $0.22 on Thursday - exactly where their "lower end" projections need it to be. How convenient. CEO Robert Steele claims they'll "drive significant value" for shareholders, but this reeks of opportunism riding the crypto wave rather than sustainable business strategy.
If investors approve this madness and Nasdaq gives the green light, Thumzup will transform from a failed adtech company into a "Dogecoin-first industrial mining" operation overnight. And all it took was the Trump name and $50 million of other people's money.
This is either the smartest pivot in corporate history or another crypto cash grab destined for the history books. My money's on the latter.