Cypherpunk Technologies Acquires 18% of Zcash Mining Power in $33 Million Deal
Cypherpunk Technologies has launched a Zcash mining fleet after acquiring a 4.2 GSol/s mining operation for $33.33 million, securing approximately 18% of the network's total computing power. This initiative, backed by Winklevoss Capital, marks a significant expansion in the cryptocurrency mining sector.
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This public company now controls 18% of Zcash mining power after $33 million Winklevoss-linked deal
Only 5.38 million shares are initially issuable, leaving most of the deal's equity impact behind an approval gate. The post This public company now controls 18% of Zcash mining power after $33 million Winklevoss-linked deal appeared first on CryptoSlate .
Cypherpunk becomes largest Zcash miner in $33M deal
Cypherpunk Technologies has acquired a 4.2 GSol/s Zcash mining fleet for $33.33 million, giving the Nasdaq-listed company about 18% of the network’s total computing power. Cypherpunk Technologies said on Aug. 18 that it had launched Cypherpunk Mining after purchasing the…
Winklevoss-Backed Cypherpunk Seizes 18% of Total Zcash Hashrate
On Tuesday, Cypherpunk Technologies disclosed that it has launched a U.S.-based zcash (ZEC) mining fleet with about 4.2 GSol/s of computing power after completing a $33.33 million equity transaction with Winklevoss Capital. The Nasdaq-listed privacy technology company said the fleet is already operating and represents roughly 18% of the Zcash network’s total computing power, or […]
Cypherpunk Technologies launches Zcash mining fleet with $33 million Winklevoss deal
Cypherpunk Mining is online as of today with roughly 4.2 GSol/s of Equihash hashrate deployed across the US.