Cypherpunk Launches Massive Zcash Mining Operation

Cypherpunk Technologies has launched its mining division, Cypherpunk Mining, which will focus on Zcash (ZEC) mining. The operation boasts a total capacity of approximately 4.2 GSol/s, accounting for about 18% of the cryptocurrency's network hash rate.

The mining equipment includes the latest Z15 Pro units and associated hosting contracts, making it the largest active infrastructure for Zcash mining.

Cypherpunk acquired the assets from Moria Mining in a deal valued at $33.33 million, with the seller receiving a prepaid warrant to purchase 43.29 million shares of Cypherpunk at an exercise price of $0.001 per share.