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Thumzup Appoints Veteran Blockchain and Infrastructure Executive Chris Ensey to Board of Directors
Prnewswire· 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][4][8] - Ensey brings over two decades of experience in technology, cybersecurity, and data center development, which positions him well to guide Thumzup's growth [2][3][5]. Company Developments - The appointment of Ensey is seen as pivotal for Thumzup as it transitions into a diversified digital innovation enterprise [1][4]. - Thumzup is expanding its treasury strategy beyond Bitcoin to include other leading cryptocurrencies such as Dogecoin, Litecoin, Solana, Ripple, Ether, and USD Coin, reflecting its commitment to financial agility and innovation [6]. Leadership and Expertise - Ensey has a strong background in blockchain operations and risk management, having previously served as CEO and COO of Riot Blockchain, where he led strategic expansion during a dynamic phase of the crypto market [3][8]. - His experience includes significant roles in cybersecurity and infrastructure programs at major firms like IBM and SafeNet, which will enhance Thumzup's capabilities in executing its post-merger strategy [3][5]. Strategic Vision - Thumzup's CEO, Robert Steele, emphasized that Ensey's expertise aligns with the company's vision as it advances towards the DogeHash merger and aims to expand its presence in the digital asset ecosystem [4][5]. - Ensey expressed enthusiasm about shaping the future of digital marketing and crypto assets, indicating a focus on uniting technology, creativity, and financial innovation [5].
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]