Question 1

How did Cypherpunk pay for the Zcash mining fleet?

Accepted Answer

It issued Winklevoss Treasury Investments a pre-funded warrant for 43,290,042 common shares at an exercise price of $0.001 each, settling the $33.33 million deal with equity rather than cash at an implied price of $0.77 per share.

Question 2

How much of the Zcash network does the new fleet control?

Accepted Answer

The fleet runs about 4.2 GSol/s of Equihash hashrate, which Cypherpunk estimates at roughly 18% of the entire Zcash network, deployed across US facilities.

Question 3

How much ZEC does Cypherpunk hold?

Accepted Answer

The company holds 323,394.38 ZEC, about 1.92% of circulating supply, and has said it is targeting 5%.

Cypherpunk Technologies

Cypherpunk funds its Zcash mining fleet with 43.3M shares

One sharp brief.
Every day.

Cypherpunk Technologies

Cypherpunk funds its Zcash mining fleet with 43.3M shares

One sharp brief.Every day.

One sharp brief.
Every day.