Cypherpunk Launches World’s Largest Zcash Mining Fleet in $33M Winklevoss Deal

TLDR

• Cypherpunk Technologies acquired a Zcash mining fleet from Winklevoss Capital in a $33.33 million equity deal
• The fleet produces roughly 4.2 GSol/s, controlling about 18% of the Zcash network hashrate
• Cypherpunk currently holds 323,394 ZEC, about 1.92% of circulating supply, with a 5% target
• ZEC is up more than 1,300% over the past 12 months despite recent corrections
• Zcash’s Ironwood upgrade was deployed in July to fix a vulnerability that could have allowed counterfeit ZEC creation

Cypherpunk Technologies has launched what it calls the world’s largest Zcash mining operation, funded through a $33.33 million equity deal with Winklevoss Capital, the venture firm run by Cameron and Tyler Winklevoss.

Cypherpunk Technologies Launches World’s Largest Zcash Mining Fleet With 18% of Network Hashrate

Nasdaq-listed Zcash treasury company Cypherpunk Technologies (CYPH) has launched ZEC mining operations through its subsidiary Cypherpunk Mining, deploying approximately 4.2 GSol/s of… pic.twitter.com/QmYFj6Osnb

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