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Dogecoin Miner DogeHash Secures Loan to Expand Fleet Ahead of Acquisition

DogeHash Technologies, a Dogecoin mining company, has secured a $2.5 million loan from Thumzup Media, which is in the process of acquiring DogeHash. The funds will be used to enhance the mining fleet, specifically to add over 500 ASIC miners, improving efficiency at a crucial time for the Dogecoin market. Thumzup Media's CEO expressed enthusiasm about developing DogeHash into a leading Dogecoin mining firm. Following the announcement, shares of Thumzup (TZUP) saw a slight increase. The prelude to this acquisition includes Thumzup's significant investments in digital assets, which already involve holdings of Dogecoin and Bitcoin. This strategic loan is expected to accelerate DogeHash's operational capabilities in the competitive cryptocurrency scene.

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