Cypherpunk Deploys Massive Zcash Mining Fleet, Reaches 18% Hasrate

Cypherpunk Technologies has made a significant move in the world of Zcash by launching what it claims is the largest Zcash mining operation globally. The company acquired a mining fleet from Winklevoss Capital for $33.33 million in an equity-based deal.

The new mining operation, which is already live across U.S. facilities, has a capacity of approximately 4.2 GSol/s, accounting for around 18% of the current Zcash network hashrate, according to Cypherpunk's estimates.

Cypherpunk already holds 323,394 ZEC, which is roughly 1.9% of the circulating supply. The company aims to increase its exposure over time and plans to hold 5% of the token supply in the long term.