Major crypto mining infrastructure firm Foundry Digital, the operator of one of the largest Bitcoin mining pools in the world, announced plans to launch a new mining pool for Zcash, expanding its services beyond Bitcoin.
The company said the Zcash pool will allow miners to combine their computing resources to earn the privacy-focused cryptocy ZEC, with the service expected to launch next month.
Foundry currently operates Foundry USA, one of the leading Bitcoin mining pools globally. The pool accounts for roughly 31% of Bitcoin’s total network hash rate, making it a major player in securing the Bitcoin blockchain.
Over the past month alone, Foundry’s pool has mined approximately 4,150 Bitcoin, which at current prices represents hundreds of millions of dollars in block rewards and transaction fees.
By launching a Zcash mining pool, Foundry is bringing its large-scale infrastructure and institutional services into another proof-of-work blockchain ecosystem.
Zcash is a cryptocy designed with strong privacy protections, allowing users to shield transaction details through advanced cryptography.
Like Bitcoin, Zcash uses a proof-of-work consensus mechanism, meaning miners compete to solve complex cryptographic calculations to validate transactions and add new blocks to the blockchain.
The network produces a new block approximately every 75 seconds, rewarding miners with newly issued ZEC tokens.
Mining power on the network is measured in gigasolutions per second (GSol/s)—a metric that reflects how many potential solutions mining machines can compute when attempting to discover the next block.
Zcash has seen a resurgence in market interest recently. The cryptocy has surged more than 600% over the past year, attracting new attention from miners and institutional investors.
Network participation has also increased significantly. The Zcash hash rate has climbed from roughly 8.1 GSol/s to about 13.8 GSol/s since September, indicating more computing power securing the blockchain.
The current largest Zcash mining pool, operated by ViaBTC, controls about 30% of the network’s hash rate, but Foundry’s entry could quickly reshape the competitive landscape.
Foundry said the new pool is designed particularly for publicly traded companies and financial institutions that want to participate in Zcash mining but lack the technical infrastructure to run their own operations.
The company plans to offer:
24/7 technical support for miners
Detailed payout reporting tools
Compliance-focused operations based in the United States
These features aim to reduce counterparty and regulatory risks often associated with global mining pools.
On-chain investigator ZachXBT has publicly questioned the financial health of cryptocy exchange AscendEXafter mounting reports of users waiting days—and…
Tether is expanding beyond stablecoins once again—this time by turning its massive $23 billion gold reserve into an…
Strategy Executive Chairman Michael Saylor is standing by his long-term Bitcoin strategy despite mounting pressure from investors as…
Polymarket has pledged to fully reimburse users after hackers stole approximately $2.9 million through a sophisticated phishing attack…
Base, the Ethereum Layer-2 blockchain incubated by Coinbase, has fully restored operations after suffering a block production…
Bitcoin has fallen below the $60,000 level once again, placing the world's largest cryptocy on pace to record…