Cypherpunk Takes Control: World's Largest Zcash Mining Fleet Launched

Cypherpunk Technologies has made a significant move in the Zcash ecosystem by launching what it claims is the world's largest Zcash mining operation. The company acquired a mining fleet from Winklevoss Capital through an equity-based transaction valued at $33.33 million.

The mining operation, which is already online at facilities across the United States, produces roughly 4.2 GSol/s, accounting for about 18% of the Zcash network's current hashrate.

Cypherpunk said this expansion adds mining to its existing Zcash holdings, which currently stand at 323,394 ZEC, representing around 1.9% of the cryptocurrency's circulating supply. The company aims to eventually hold 5% of the ZEC supply.