Cypherpunk Technologies, backed by the Winklevoss twins, launched what it calls the world’s largest Zcash mining fleet through a $33.33 million equity deal with Winklevoss Capital. The company already holds approximately 323,394 ZEC, representing 1.92% of circulating supply, making it the largest corporate Zcash holder. The new fleet operates at 4.2 GSol/s of hash rate, representing roughly 18% of the entire Zcash network. Cypherpunk aims to control 5% of circulating supply, with mining allowing ZEC production below market price. The company’s stock previously plunged nearly 40% amid a Zcash privacy bug.
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