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Foundry Launches Dedicated Zcash Mining Pool for Institutions and Public Miners

Foundry Launches Dedicated Zcash Mining Pool for Institutions and Public Miners

Foundry’s U.S.-based, compliance-focused Zcash pool formally launched on March 13 after a March 11 announcement and already represents about 30% of network hashrate with multiple institutional miners participating.

ZEC

Fact Check
The claim is strongly supported by two independent fetched reports. Fortune's "Bitcoin mining giant Foundry adds new pool for privacy-focused Zcash" says Foundry launched the pool and that it already accounts for "nearly a third of new Zcash production," while explicitly tying the move to growing interest in privacy coins from large institutions and noting that institutional miners include public companies. CoinDesk's "Foundry unveils Zcash block explorer as mining pool reaches 30% of hashrate" independently reports the pool has reached about 30% of network hashrate and says multiple institutional miners joined before the public debut, signaling rising institutional interest. The only slight caveat is wording: the user's headline says "dedicated ... for institutions and public miners," whereas the strongest sourced wording emphasizes institutional miners and public-company miners rather than a broad retail/public-miner orientation. But the substance of the statement about launch, scale, and institutional interest is well supported.
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Summary

Foundry Digital has formally launched its U.S.-based Foundry Zcash Pool, a compliance-focused mining pool for institutions and public miners. Foundry announced the plan on March 11 and launched the pool on March 13. The company said the pool already accounts for about 30% of Zcash network hashrate, with multiple institutional miners having joined. The launch expands institutional-grade mining infrastructure for Zcash while also renewing concerns about mining concentration because a single pool now controls a large share of the network’s proof-of-work capacity.

Terms & Concepts
  • Zcash: A privacy-focused cryptocurrency that supports shielded transactions, allowing some transaction details to be hidden on-chain.
  • Mining pool: A service where miners combine computing power and share rewards, typically improving consistency of payouts.
  • Hashrate: The amount of computational power securing a proof-of-work blockchain and supporting block production.