Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Trump Jr.-backed Thumzup plans to launch large-scale Bitcoin mining infrastructure after $50 million raise

Trump Jr.-backed Thumzup plans to launch large-scale Bitcoin mining infrastructure after $50 million raise

Cryptobriefing2025/08/14 00:15
By:Cryptobriefing

Key Takeaways

  • Thumzup Media is launching large-scale Bitcoin mining operations in the US after raising $50 million.
  • The company plans to implement a dual strategy, combining mining operations with strategic accumulation of established digital assets.

Thumzup Media Corporation, a company specializing in social media marketing and crypto asset strategies with Donald Trump Jr. as an investor, announced today its plans to establish a large-scale Bitcoin mining infrastructure following a $50 million capital raise.

Thumzup said its entry into the crypto mining sector marks a shift from solely holding established crypto assets to actively building infrastructure. The expanded Digital Asset Strategy will feature Bitcoin mining alongside targeted investments in high-potential blockchain projects.

The company is currently in discussion with mining technology providers to accelerate its infrastructure development.

“This is a transformative step in Thumzup’s evolution,” said Robert Steele, CEO of Thumzup Media Corporation. “With a strengthened capital base and a clear strategic vision, we are expanding our reach into high-growth areas of the digital economy. Our focus is on building durable, revenue-generating assets while positioning the Company as a leader in digital asset mining and treasury management.”

Last month, the Nasdaq-listed company received board approval to augment its crypto portfolio, beyond its existing Bitcoin holdings, by acquiring Ether, XRP, Solana, Dogecoin, Litecoin, and USD Coin. Thumzup currently holds over $2 million in Bitcoin.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

How Far Are We from a Full-Blown Altseason? | Trader's Insight

Bitcoin Dominance has decreased, while Ethereum Dominance is on the rise

BlockBeats2025/08/14 03:42
How Far Are We from a Full-Blown Altseason? | Trader's Insight

6 Valuation Methods Evaluation: Can Ethereum Reach $10,000 in This Cycle?

ETH has a significant possibility of reaching the $6000-8000 range in 2025.

BlockBeats2025/08/14 02:00
6 Valuation Methods Evaluation: Can Ethereum Reach $10,000 in This Cycle?

U.S. Plans Strict Regulation for Crypto ATMs

Coinspaidmedia2025/08/14 01:30
U.S. Plans Strict Regulation for Crypto ATMs