Cypherpunk, backed by Winklevoss Capital, just launched the "world's largest" Zcash mining fleet.
This $33.33 million equity deal adds 18% of the Zcash network's hashrate. Funded by 43.3 million shares at $0.77, the machines are live in debt-free US facilities with locked-in low power costs.
This isn't just about mining. Cypherpunk is already the largest corporate holder of ZEC (1.92% of supply). Now they can print their own treasury, not just accumulate. This brings a lot of ZEC hashrate on-chain, in the US, and directly owned. It's vertical integration, not just a price bet.
Reclaim 514.60 and this thing runs. Lose 500.10 and the narrative wobbles. $ZEC
This $33.33 million equity deal adds 18% of the Zcash network's hashrate. Funded by 43.3 million shares at $0.77, the machines are live in debt-free US facilities with locked-in low power costs.
This isn't just about mining. Cypherpunk is already the largest corporate holder of ZEC (1.92% of supply). Now they can print their own treasury, not just accumulate. This brings a lot of ZEC hashrate on-chain, in the US, and directly owned. It's vertical integration, not just a price bet.
Reclaim 514.60 and this thing runs. Lose 500.10 and the narrative wobbles. $ZEC