Winklevoss-Backed Cypherpunk Launches 'World's Largest' Zcash Mining Fleet
In brief Cypherpunk Technologies launched what it calls the world's largest Zcash mining fleet via a $33.33 million equity-based deal with Winklevoss Capital. The move extends the firm from accumulating ZEC to producing it: already the largest corporate holder with ~323,394 coins (1.92% of supply).
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Key Facts
- Fact 1: In brief Cypherpunk Technologies launched what it calls the world's largest Zcash mining fleet via a $33.33 million equity-based deal with Winklevoss Capital.
- Fact 2: The move extends the firm from accumulating ZEC to producing it: already the largest corporate holder with ~323,394 coins (1.92% of supply).
- Fact 3: The Nasdaq-listed company said Monday it launched Cypherpunk Mining through a $33.33 million equity-based deal with Winklevoss Capital, acquiring the latest-generation Z15 Pro machines and their hosting agreements.
- Fact 4: Click to make your prediction.The U.S.-based fleet is live now, running about 4.2 GSol/s of Equihash hashrate, which the company estimates at roughly 18% of the entire Zcash network.
In brief Cypherpunk Technologies launched what it calls the world's largest Zcash mining fleet via a $33.33 million equity-based deal with Winklevoss Capital. The move extends the firm from accumulating ZEC to producing it: already the largest corporate holder with ~323,394 coins (1.92% of supply).
The launch caps a volatile run for the Winklevoss-backed Zcash bet. Cypherpunk Technologies, the Winklevoss-backed privacy firm building a treasury around the privacy coin Zcash, has stood up what it calls the world's largest Zcash mining operation, expanding beyond simply accumulating the privacy coin to producing it. The Nasdaq-listed company said Monday it launched Cypherpunk Mining through a $33.33 million equity-based deal with Winklevoss Capital, acquiring the latest-generation Z15 Pro machines and their hosting agreements.
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Original source: Decrypt
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