Cypherpunk Mining Unleashes 18% Zcash Hasrate in $33.33 Million Warrant Deal

Cypherpunk Mining has launched a massive Zcash mining fleet in a deal worth $33.33 million, secured through a pre-funded warrant from Winklevoss Treasury Investments.

The company acquired Bitmain Z15 Pro machines that produce roughly 7,800 ZEC per month, representing approximately 18% of the Zcash network's total computing power.

Cypherpunk said it paid for the fleet using a warrant covering 43.29 million common shares, with an exercise price of $0.001 per share and a stated share price of $0.77 per share.

The deal allows Winklevoss to purchase the shares at a significantly lower price than the current market value.