A significant step toward extending Foundry Digital’s cryptocurrency infrastructure beyond Bitcoin has been taken with the establishment of a new mining pool for Zcash. Numerous institutional players are contributing computing resources to the pool, which is already witnessing high participation.
The company claims that the Zcash mining pool has expanded rapidly and currently accounts for about 30% of the network’s overall hashrate. This quick expansion demonstrates the necessity for dependable, extensive mining infrastructure as well as the growing demand in privacy-focused cryptocurrencies.
According to Foundry CEO Mike Colyer, the action is a reflection of the company’s emphasis on assisting networks that integrate regulatory knowledge with privacy. He emphasised that Zcash operates on a transparent blockchain and provides “verifiable financial privacy”.
Zooko Wilcox, the founder of Zcash, also applauded the advancement. According to him, building the network’s ecosystem requires institutional-grade mining pools and equipment.
The launch is Foundry’s first significant mining expansion outside of Bitcoin and comes after a previous announcement in March 2026. The startup wants to close a gap in Zcash mining where there hasn’t been any institutional-level infrastructure.
Zcashinfo.com, a block explorer that offers real-time network data, was introduced by Foundry with the pool. It benefits both consumers and miners by providing hashrate distribution, block information, and network trends.
Right now, Zcash is trading at about $356. It has increased by around 39% during the last week but has decreased significantly in the last 24 hours. It is still much below its peak, though.
Source: X.com
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