SamZapp Lends $2.5 Million to DogeHash to Boost Dogecoin Mining Capabilities

SamZapp Media Corporation, listed on NASDAQ, announced on September 30 that it had executed a loan of $2.5 million (approximately 370 million yen) to DogeHash Technologies. This funding is intended to expand Dogecoin (DOGE) mining capabilities and accelerate the deployment of next-generation ASIC miners.

This funding was provided by SamZapp prior to the completion of its acquisition of DogeHash, supporting plans to add more than 500 new ASIC miners. As a result, the total number of operational machines at DogeHash could exceed 4,000 by the end of the year, according to SamZapp's Robert Ste...