Trump-Backed Thumzup to Add 3,500 Dogecoin Mining Rigs With Dogehash Deal

Thumzup Media, the Nasdaq-listed company backed by Donald Trump Jr., is making a major bet on retail favourite dogecoin (DOGE) with plans to deploy 3,500 Dogecoin mining rigs by year-end.The expansion is expected to come through a pending acquisition of Dogehash, a miner focused on the Scrypt algorithm that secures both Dogecoin and Litecoin.Scrypt is specifically designed to make it costly to perform large-scale custom hardware attacks by requiring large amounts of memory.According to its latest shareholder letter, Thumzup intends to buy Dogehash’s existing 2,500-rig fleet and add another 1,000 rigs before December, contingent on shareholder approval of the all-stock deal.“Cryptocurrency mining presents what could be one of the greatest opportunities for value creation in the industry,” the company said,…