Cypherpunk Expands Zcash Bet With $33M Mining Deal
The equity deal gives Cypherpunk 4.2 GSol/s of mining capacity and supports its goal of holding 5% of ZEC supply.
- On Tuesday, August 18, 2026, Cypherpunk Technologies Inc. launched Cypherpunk Mining through a $33.33 million equity-based transaction with Winklevoss Capital, creating the world's largest Zcash mining fleet with 4.2 GSol/s of hashrate.
- This expansion follows a sharp rise in ZEC price, which surged more than 1,300% over the past 12 months, as Cypherpunk aims to hold 5% of total ZEC supply through mining economics that now align company treasury incentives with Zcash network security.
- "Up until now, investors have had limited options for Zcash mining exposure. With the acquisition of this mining fleet, Cypherpunk changes that," said Cameron and Tyler Winklevoss, with the deal involving warrants issued at $0.77 per share.
- Industry veteran Kevin Zhang joined Cypherpunk as Head of Mining, while Chief Investment Officer Will McEvoy stated the mining flow provides "financial and operational flexibility to fund future growth, the acquisition of additional ZEC, and new privacy-preserving technology investments."
- Zhang noted that "The opportunity in Zcash mining shows a striking similarity to Bitcoin mining in 2016 and provides exciting growth potential for Cypherpunk," as Zcash mining currently out-earns AI colocation and Bitcoin mining at today's prices.
15 Articles
15 Articles
Cypherpunk becomes largest Zcash miner in $33M deal
Cypherpunk Technologies has acquired a 4.2 GSol/s Zcash mining fleet for $33.33 million, giving the Nasdaq-listed company about 18% of the network’s total computing power. Cypherpunk Technologies said on Aug. 18 that it had launched Cypherpunk Mining after purchasing the…
PR Newswire
Cypherpunk Technologies Launches World's Largest Zcash Mining Fleet
/PRNewswire/ -- Cypherpunk Technologies Inc. (Nasdaq: CYPH) ("Cypherpunk") today announced the launch of Cypherpunk Mining, which is now the largest Zcash...
Cypherpunk funds its Zcash mining fleet with 43.3M shares
Winklevoss Capital received a warrant for ~43.3 million shares of the company as part of Cypherpunk Technologies’ purchase of a new Zcash mining operation. The structure dilutes existing shareholders and gives Gemini founders a bigger slice of the Zcash bet. Cypherpunk is trading on the Nasdaq as CYPH. 43,290,042 new shares dilute every CYPH holder Cypherpunk paid the $33.33 million price by issuing Winklevoss Treasury Investments a pre-funded w…
CoinStats - Winklevoss Capital sells its Zcash rigs to a ...
Winklevoss Capital received a warrant for ~43.3 million shares of the company as part of Cypherpunk Technologies’ purchase of a new Zcash mining operation. The structure dilutes existing shareholders and gives Gemini founders a bigger slice of the Zcash bet. Cypherpunk is trading on the Nasdaq as CYPH. 43,290,042 new shares dilute every CYPH holder Cypherpunk paid the $33.33 million price by issuing Winklevoss Treasury Investments a pre-funded w…
Winklevoss-Backed Cypherpunk Launches 'World's Largest' Zcash Mining Fleet
The Nasdaq-listed privacy firm launched Cypherpunk Mining through a $33.33 million equity deal with Winklevoss Capital, adding roughly 18% of the Zcash network's hashrate to accelerate its treasury ambitions.
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