Cypherpunk Technologies launches Zcash mining with $33.33M equity deal
- —Deal was paid in equity plus a pre-funded warrant for about 43.3 million CYPH shares
- —Mining fleet delivers roughly 4.2 GSol/s, about 18% of Zcash hashrate
- —Company targets around 20% hashrate share by late October 2026
- —Treasury holds 323,394 ZEC, with a goal of 5% of total supply
Why it matters: A single public company nearing 20% of Zcash hashrate raises network concentration concerns and ties ZEC's price to its treasury strategy.
Source: Crypto Briefing