INSTITUTIONAL CAPITAL IS MOVING INTO ZCASH MINING

While much of the attention around Zcash is currently focused on price, another major development is happening underneath the surface.

Cypherpunk Technologies has launched what it describes as the world's largest Zcash mining fleet.

The deployment represents approximately:

⚡ 4.2 GSol/s of Equihash hashrate
🌐 ~18% of the Zcash network hashrate at launch
💰 $33.33 million transaction
🇺🇸 Mining infrastructure located across the United States

This matters because mining isn't simply about producing new ZEC.

Proof-of-Work miners provide the computational security behind the Zcash network, validate blocks and make attacks on the blockchain increasingly expensive.

The development also shows something important:

Institutional exposure to Zcash is expanding beyond simply buying and holding ZEC.

Capital is now being deployed directly into the infrastructure securing the network.

As interest in Zcash grows, the ecosystem behind it is growing too.

⚡ $ZEC | Zcash