Thumzup to Expand Into Crypto Mining, Blockchain Investments After
0Adoption
Marketing
Trump
Part of the funding will go toward “state-of-the-art cryptocurrency mining infrastructure.”
Crypto Journalist
Amin Ayan
Crypto Journalist
Amin Ayan
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Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has...
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Thumzup Media Corporation, a social media marketing firm that pivoted into crypto investments earlier this year, is ramping up its digital asset strategy following a $50 million capital raise.
Key Takeaways:
Thumzup raised $50M to expand into large-scale crypto mining and targeted blockchain investments.
The firm holds 19.1 BTC and plans to diversify into six more cryptocurrencies, with board approval for up to $250M in digital assets.
Shares have surged nearly 194.5% YTD, driven by its aggressive pivot toward crypto despite posting a Q1 loss.
The company announced Wednesday that it will expand into “large-scale cryptocurrency mining and targeted blockchain investments,” using proceeds from a $10-per-share offering completed Tuesday.
Part of the funding will go toward “state-of-the-art cryptocurrency mining infrastructure,”...
https://cryptonews.com/news/thumzup-to-expand-into-crypto-mining/
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