Nasdaq-listed Cypherpunk Technologies (Nasdaq: CYPH) announced on August 18 the launch of Cypherpunk Mining, claiming to operate the world’s largest Zcash mining fleet with an Equihash hashrate of 4.2 GSol/s, representing approximately 18% of the entire Zcash network. The fleet was funded through a $33.33 million equity-based transaction backed by Winklevoss Capital. Kevin Zhang, formerly SVP of Mining Strategy at Foundry and Head of Asia at Nakamoto Holdings, joins as Head of Mining to lead the operation. Formerly known as Leap Therapeutics, a biotech firm focused on cancer therapy, Cypherpunk Technologies rebranded in November 2025 and has invested $5 million in Zcash Open Development Labs (ZODL).
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