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Morning Edition · Wednesday, August 19, 2026Published at 1:47 AM EDT · New York
One Listed Company Now Controls About 18% of Zcash Mining Power
Cypherpunk Technologies paid for the fleet with a warrant rather than cash, and already holds 323,394 ZEC, close to 2% of the privacy coin's circulating supply.
Cypherpunk Technologies launched a United States Zcash mining fleet of roughly 4.2 GSol/s (a measure of Zcash mining capacity) after a $33.33 million transaction with Winklevoss Capital, giving it about 18% of the Zcash network's total hash…
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Mining Power Concentrates in Corporate Hands
Listed treasury companies keep buying hashrate on mid-sized chains as a cheaper route to supply accumulation, concentrating block production in entities answerable to shareholders rather than to token holders.
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