Cypherpunk Launches Major Zcash Mining Fleet with Winklevoss Backing
Cypherpunk Technologies has launched what it claims to be the world's largest Zcash mining fleet, controlling 18% of the network's hashrate, following a $33.33 million equity deal with Winklevoss Capital. This strategic move aims to enhance its treasury ambitions and acquire 5% of Zcash's circulating supply.
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Winklevoss-Backed Cypherpunk Launches 'World's Largest' Zcash Mining Fleet
The Nasdaq-listed privacy firm launched Cypherpunk Mining through a $33.33 million equity deal with Winklevoss Capital, adding roughly 18% of the Zcash network's hashrate to accelerate its treasury ambitions.
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 .
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 launches Zcash mining fleet controlling 18% of network hashrate
The $33.3 million Winklevoss Capital deal expands Cypherpunk’s ZEC strategy as it targets 5% ownership of the cryptocurrency’s circulating supply.
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.