Cryptocurrency platform Thumzup welcomes Jordan Jefferson to its advisory panel
Thumzup Media Corporation, a leading name in the cryptocurrency sector, has announced its intention to acquire DogeHash, a Dogecoin mining company. This strategic move is part of Thumzup's ongoing efforts to bolster its presence within the cryptocurrency industry.
The acquisition, which requires approval from Thumzup's shareholders through a vote, will see Thumzup gain access to DogeHash's fleet of 2,500 high-tech mining machines, with an additional 1,000 top-quality miners expected to be added this year.
Jordan Jefferson, CEO and Co-Founder of DogeOS and a seasoned cryptocurrency veteran since 2011, has been appointed to Thumzup's Crypto Advisory Board. Jefferson's leadership is seen as invaluable as Thumzup scales its digital asset initiatives. He brings with him extensive experience in building tools and apps that make blockchain technology more useful, as well as his leadership of MyDoge, a popular Dogecoin wallet.
Jefferson expressed that the acquisition will open more opportunities for Dogecoin to flow into applications that support both holders and builders. He believes that this will foster ecosystem growth, aligning with Thumzup's focus on advancing its cryptocurrency mining operations and fostering ecosystem growth.
The acquisition of DogeHash is also part of the Crypto Advisory Board's efforts to bring together blockchain industry leaders to accelerate the company's digital asset strategy. This strategic move is supported by Thumzup's recent $50 million capital raise, which will further fuel its digital asset strategy and expansion within the Dogecoin ecosystem.
DogeOS, an App Layer for Dogecoin, allows users to use DOGE for gaming, earning extra returns, and using apps. DogeOS is backed by Polychain Capital, a firm that invests in blockchain projects.
Robert Steele, CEO of Thumzup, stated that the acquisition of DogeHash signals a deepened commitment of Thumzup to its digital asset strategy and expansion within the Dogecoin ecosystem. Performance details will be shared by Thumzup after the DogeHash acquisition deal.
The founder of DogeHash, Leonard Schmedding, will be a valuable addition to Thumzup's team. His expertise in Dogecoin mining will undoubtedly contribute to Thumzup's ability to mine Dogecoin more efficiently, enhancing the company's position in the Dogecoin ecosystem.
If approved, the acquisition of DogeHash will mark a significant step forward in Thumzup's digital asset strategy, opening new opportunities for growth and expansion in the Dogecoin sector.
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