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Thumzup Appoints Veteran Blockchain and Infrastructure Executive Chris Ensey to Board of Directors - Thumzup Media (NASDAQ:TZUP)
Benzinga· 2025-10-13 12:18
Core Insights - Thumzup Media Corporation has appointed Chris Ensey to its Board of Directors, effective October 14, 2025, as the company prepares for its merger with Dogehash Technologies, Inc. [1][8] - Ensey brings over two decades of experience in technology, cybersecurity, and data center development, positioning him to guide Thumzup's growth [2][3] - The appointment reflects Thumzup's commitment to enhancing its Board with expertise in finance, technology, and digital assets, crucial for executing its post-merger strategy [5][6] Company Overview - Thumzup Media Corporation is focused on digital marketing and financial innovation, with plans to expand its treasury strategy beyond Bitcoin to include other leading cryptocurrencies [6] - The company is evolving into a diversified digital innovation enterprise, aiming for market leadership and sustained value creation [5][6] Leadership Background - Chris Ensey has held significant roles in both public and private sectors, including as CEO of Aligned and COO of Riot Blockchain, where he led strategic expansion during a dynamic phase of the crypto market [2][3][4] - His experience includes contributions to major companies in the blockchain and cybersecurity sectors, enhancing industry standards [3][4] Strategic Direction - Ensey's expertise in technology and risk mitigation aligns with Thumzup's vision as it advances towards the DogeHash merger [4][5] - The company aims to unite technology, creativity, and financial innovation under Ensey's guidance, enhancing its capabilities in the digital asset ecosystem [5][6]
X @BSCN
BSCN· 2025-10-01 12:40
Investment & Expansion - Thumzup Media loaned $25 million to DogeHash Technologies to expand Dogecoin mining operations [1] - DogeHash will use the funds to add 500 next-generation ASIC rigs, increasing its mining fleet to 4,000 by year's end [1] - Thumzup holds 191 BTC and 75 million DOGE, valued at approximately $4 million, with plans to scale holdings up to $250 million [2] - Thumzup launched a $10 million stock buyback plan and intends to diversify into ETH, XRP, SOL, and other assets [3] Market Reaction - Thumzup stock (TZUP) rose 38% to close at $519 following the announcement [3] - The stock has gained 457% year-to-date since its Nasdaq debut last October [3] Strategic Moves - Thumzup plans to acquire DogeHash as part of its broader crypto strategy [1] - The CEO of DogeHash sees the cash infusion as a way to speed up the deployment of advanced hardware during a pivotal period for Dogecoin [2]
Thumzup® Extends Window for Share Repurchases Under $10 Million Buyback Authorization Until October 31, 2025
Prnewswire· 2025-10-01 12:15
Core Points - Thumzup Media Corporation has extended its share repurchase program window from September 30, 2025, to October 31, 2025, allowing for the repurchase of up to $10 million in common stock based on market conditions and other considerations [1][2] - The company completed an initial $1 million share repurchase program in September 2025, acquiring 212,432 shares at a weighted average price of $4.71 per share [2] - Thumzup is expanding its treasury strategy to include leading cryptocurrencies such as Dogecoin, Litecoin, Solana, Ripple, Ether, and USD Coin, alongside its existing Bitcoin strategy [3] Company Strategy - The CEO of Thumzup emphasized the importance of balancing long-term strategy with prudent capital allocation, indicating a commitment to returning value to shareholders through stock repurchases when deemed attractive [2] - The company is positioning itself as a disruptor in the digital asset and advertising industry, focusing on financial innovation and digital marketing [3] Financial Overview - The authorized share repurchase program allows Thumzup to buy back shares based on its cash reserves and cash flows, reflecting a strategic approach to capital management [1][2] - The completion of the initial repurchase program indicates a proactive approach to managing shareholder value and market presence [2]
X @BSCN
BSCN· 2025-10-01 04:32
Investment & Expansion - Thumzup Media loaned $2.5 million to DogeHash Technologies to expand Dogecoin mining operations [1] - DogeHash will use the funds to add 500 next-generation ASIC rigs, increasing its mining fleet to 4,000 by year's end [1] - Thumzup holds 19.1 BTC and 7.5 million DOGE, valued at approximately $4 million, with plans to scale holdings up to $250 million [2] Acquisition & Strategy - The loan precedes Thumzup's planned acquisition of DogeHash, as part of its broader crypto strategy [1] - Thumzup aims to build "a premier Doge mining company" [1] - Thumzup plans to diversify into ETH, XRP, SOL, and other assets [2] Market Performance - Thumzup stock (TZUP) rose 3.8% to $5.19 following the announcement [2] - The stock has gained 45.7% year-to-date since its Nasdaq debut last October [2] - Thumzup launched a $10 million stock buyback plan [2]
X @Wu Blockchain
Wu Blockchain· 2025-10-01 01:45
Investment & Expansion - Thumzup Media Corporation (TZUP), affiliated with the Trump family, invested $2.5 million in DogeHash Technologies [1] - The investment aims to expand Dogecoin mining operations [1] - DogeHash Technologies will deploy next-generation ASIC miners [1] - The deployment includes adding over 500 units, increasing the total to over 4,000 units this year [1]
Dogecoin Miner DogeHash Secures Loan to Expand Fleet Ahead of Acquisition
Yahoo Finance· 2025-09-30 19:37
Group 1 - Thumzup Media is providing a $2.5 million loan to DogeHash Technologies to enhance its Dogecoin mining capacity and accelerate the deployment of new miners [1] - Thumzup is in the process of acquiring DogeHash in an all-stock deal, which will result in the renaming of DogeHash to Degohash Technologies Holdings [1] - DogeHash Technologies plans to add over 500 ASIC miners to its fleet, which currently consists of 2,500 mining rigs, to improve efficiency and scale during a critical period for the Dogecoin market [3] Group 2 - Thumzup has diversified its digital asset treasury by adding approximately $1.83 million in Dogecoin alongside its holdings of 19.1 BTC valued at around $2.17 million [4] - The company has initiated a $10 million share buyback program set to run through 2026, following a previous $1 million repurchase of shares [4] - Dogecoin (DOGE) is currently trading at $0.23, down about 1% in the last 24 hours, but has increased by 6% over the month [5]
Thumzup Announces $2.5 Million Capital Infusion into DogeHash Technologies to Expand its Dogecoin Mining Capacity
Prnewswire· 2025-09-30 12:30
Core Insights - Thumzup Media Corporation has provided a $2.5 million loan to DogeHash Technologies Inc. to enhance its Dogecoin mining capacity and expedite the deployment of next-generation ASIC miners [1][2][4] - This financing is part of Thumzup's strategic push into the cryptocurrency ecosystem, aiming to scale its Dogecoin mining operations significantly [2][4] - The loan is expected to facilitate the addition of over 500 new ASIC miners, potentially increasing the total operational rigs to more than 4,000 by the end of the year [2][4][8] Company Strategy - Thumzup is positioning itself as a transformative leader in cryptocurrency mining and digital asset strategy through various initiatives, including treasury purchases of DOGE and the establishment of a Crypto Advisory Board [4][5] - The company is expanding its treasury strategy to include multiple leading cryptocurrencies beyond Bitcoin, reinforcing its commitment to financial innovation [5] DogeHash Technologies - DogeHash is focused on industrial-scale Dogecoin mining, operating a fleet of thousands of Scrypt miners in North America [6] - The company aims to develop a strategic treasury reserve to capture long-term value from mined assets while leveraging next-generation Scrypt hardware for efficient mining [6]
Thumzup 批准 1000 万美元股票回购计划,拟收购狗狗币矿企
Xin Lang Cai Jing· 2025-09-24 23:53
Core Viewpoint - Thumzup Media (TZUP) has announced a $10 million stock buyback plan, set to last until the end of 2026, indicating confidence in its financial position and future growth potential [1] Group 1: Financial Actions - The board of Thumzup Media has approved a stock buyback plan worth $10 million [1] - The buyback plan is scheduled to be executed by the end of 2026 [1] Group 2: Cryptocurrency Holdings - Thumzup currently holds 19.1 BTC and approximately 7.5 million DOGE [1] - The company is awaiting shareholder approval to acquire DogeHash Technologies, a Dogecoin mining company [1] Group 3: Asset Authorization - In July, Thumzup was authorized to hold up to $250 million in cryptocurrency assets [1] - The total market value of Thumzup's assets is approximately $78 million [1] Group 4: Shareholder Information - Donald Trump Jr. holds 350,000 shares of Thumzup Media [1]
Dogecoin, Bitcoin Treasury Firm Thumzup Sees Stock Climb on Buyback Plans
Yahoo Finance· 2025-09-24 19:41
Core Insights - Thumzup Media Corporation is implementing a $10 million share repurchase program to enhance shareholder value, following a previous $1 million buyback program [2][4] - The company's stock price has seen fluctuations, recently trading at $4.82, up about 6% for the day, but down approximately 20% over the last month [3] - Thumzup holds significant digital assets, including approximately 19.1 BTC valued at $2.17 million and 7.5 million DOGE valued at $1.83 million, and plans to expand its cryptocurrency holdings [4] Company Actions - The board of Thumzup has approved a share repurchase program that will run through the end of 2026, reflecting confidence in the company's long-term strategy [2][4] - The company has completed an initial buyback of 212,432 shares at a weighted average price of $4.71 per share [2] - Thumzup is also pursuing an acquisition of DogeHash Technologies, which would enhance its cryptocurrency mining capabilities [5] Market Context - Other cryptocurrency treasury companies, such as SharpLink Gaming and ETHZilla, are also engaging in stock buyback schemes, indicating a trend within the industry [6] - DeFi Development Corporation, another player in the crypto space, has announced a significant buyback plan of up to $100 million, highlighting the competitive landscape [6]
Thumzup® Announces $10 Million Share Repurchase Program
Prnewswire· 2025-09-24 14:01
Core Points - Thumzup Media Corporation has announced a $10 million share repurchase program, extending through December 31, 2026, following the completion of a $1 million buyback program in September 2025 [1][3] - The company has repurchased 212,432 shares for approximately $1 million at a weighted average price of $4.71 per share as of September 19, 2025 [2] - Thumzup's digital asset treasury strategy includes holding 19.106 Bitcoins and approximately 7.5 million Dogecoins, alongside plans to acquire DogeHash Technologies, Inc., a dogecoin mining operation [3][4] Share Repurchase Program - The board of directors approved a $10 million share repurchase program, reflecting confidence in the company's long-term strategy and commitment to shareholder value [1][3] - The initial $1 million share repurchase was completed successfully, indicating a proactive approach to managing shareholder returns [1][2] Digital Asset Strategy - Thumzup is strategically accumulating digital assets, including Bitcoin and Dogecoin, to enhance its treasury management [3][5] - The planned acquisition of DogeHash, which has 2,500 mining rigs and an additional 1,000 scheduled for delivery, aims to strengthen Thumzup's position in cryptocurrency mining [3][4] Future Outlook - The company emphasizes a balanced approach that combines digital asset accumulation with infrastructure investment, positioning itself for sustained growth [3]