Bitcoin.com
Winklevoss-Backed Firm Now Controls 18% of Zcash's Total Hashrate
August 18, 2026•06:02 PM
Cypherpunk Technologies, a Nasdaq-listed privacy technology firm backed by Winklevoss Capital, has seized control of 18% of Zcash's total network hashrate after launching a mining fleet with 4.2 GSol/s of computing power. The company completed a $33.33 million equity transaction with Winklevoss Capital to finance this significant expansion within the Zcash ecosystem. This strategic move solidifies Zcash's position as a leading privacy-focused cryptocurrency while increasing the Winklevoss twins' influence in the mining sector. With the fleet already operational, Cypherpunk Technologies demonstrates its commitment to Zcash network security and decentralization, potentially driving adoption and value for the ZEC token in the cryptocurrency market.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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