Cypherpunk Technologies controls about 20% of Zcash hashrate
- —Cypherpunk Technologies holds about 20% of Zcash hashrate, per Bloomberg
- —In August the company reported ~18% of capacity, or 4.2 GH/s in the US
- —Fortitude agreed to buy up to $100 million of Zcash mining equipment
- —Grayscale launched ZCSH, while the Winklevoss side filed for a Zcash ETF
Why it matters: Concentration of Zcash mining in one company raises centralization concerns as interest in ZEC and ETF products grows.
Source: TokenPost