Dogecoin Miner DogeHash Secures Loan to Expand Fleet Ahead of Acquisition

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]