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Crypto mining pool operator Foundry Digital has launched a pool for the privacy-focused cryptocurrency Zcash, which the company says has secured nearly 30% of the Zcash network hashrate through partnerships with multiple institutional mining clients.“Institutional and public miners are seeking a compliant, purpose-built Zcash mining solution,” Foundry <a href="https://www.businesswire.com/news/home/20260413929009/en/Foundry-Zcash-Pool-Launches-with-Multiple-Institutional-Zcash-Miners-and-30-of-Network-Hashrate?feedref=JjAwJuNHiystnCoBq_hl-bV7DTIYheT0D-1vT4_bKFzt_EW40VMdK6eG-WLfRGUE1fJraLPL1g6AeUGJlCTYs7Oafol48Kkc8KJgZoTHgMu0w8LYSbRdYOj2VdwnuKwa" rel="noopener noreferrer nofollow">said</a> on Monday, a month after <a href="https://cointelegraph.com/news/foundry-to-launch-institutional-grade-zcash-mining-pool-in-april" rel="noopener noreferrer nofollow">announcing its plan</a> to create the Foundry Zcash Pool. <figure><img src="https://s3.cointelegraph.com/uploads/2026-04/019d8978-97fe-78b7-bc21-b028fd18935d.png" alt="Foundry launches Zcash mining pool, notches 29% hashrate in first month"><figcaption>Source: <a href="https://x.com/FoundryServices/status/2043677773516968077" rel="noopener noreferrer nofollow">Foundry</a> </figcaption></figure>Foundry, which is also the <a href="https://cointelegraph.com/news/foundry-usa-hashrate-down-60-deadly-storm" rel="noopener noreferrer nofollow">largest mining pool</a> on the Bitcoin blockchain, did not disclose which institutional miners it had onboarded to reach a 29.2% hashrate share.Mining pools secure proof-of-work blockchains by pooling computing power from commercial miners and others to share rewards proportionally with the aim of reducing variance.Foundry added that it launched a Zcash block explorer, which shows that the Foundry Zcash Pool has mined 2,344 blocks since it launched earlier this month.Zcash blocks are mined roughly every 75 seconds, paying a block subsidy of 1.25 Zcash (<a rel="noopener noreferrer nofollow">ZEC</a>) tokens in reward for solving blocks, which equates to about $458 at current market prices.While Foundry said it launched the Foundry Zcash Pool earlier this month, Zcashinfo.com data suggests that it started accumulating hashrate on or around March 4, about a week before it was first announced.Foundry’s rise in hashrate share has cut into ViaBTC’s dominance, which has fallen from 68.1% on Feb. 27 to 37% at the time of writing.<figure><img src="https://s3.cointelegraph.com/uploads/2026-04/019d8978-9bfc-778d-bb5a-3356908d2417.png" alt="Foundry launches Zcash mining pool, notches 29% hashrate in first month"><figcaption>Split of Zcash hashrate among mining pool operators over the past week. Source: <a href="https://zcashinfo.com/pools/" rel="noopener noreferrer nofollow">Zcashinfo.com</a> </figcaption></figure>Related: <a href="https://cointelegraph.com/news/dash-integrates-z-cash-orchard-privacy" rel="noopener noreferrer nofollow">Dash Evolution chain integrates Zcash Orchard privacy pool</a>Crypto exchange Coinbase <a href="https://www.coinbase.com/en-au/blog/security-psa-observed-risks-in-zcash-mining-pool-distribution" rel="noopener noreferrer nofollow">flagged</a> ViaBTC’s hashrate dominance as a security risk to the network in September 2023.&nbsp;ZEC has been one of the <a href="https://cointelegraph.com/markets/zcash-us-iran-ceasefire-rally-30percent-gain-zec-price-bull-trap" rel="noopener noreferrer nofollow">better-performing cryptocurrencies</a> over the last year, <a href="https://www.coingecko.com/en/coins/zcash?chart=type%3Dprice%26mode%3Dline%26from%3D1709534821306.7%26to%3D1712125733428.7" rel="noopener noreferrer nofollow">rising</a> 1,050%, including a 77.2% rally over the last month following Foundry’s initial announcement.It is now the <a href="https://www.coingecko.com/en/categories/proof-of-work-pow" rel="noopener noreferrer nofollow">fifth-largest</a> proof-of-work token at <a href="https://cointelegraph.com/news/xrp-zcash-algorand-outperformed-2025-altcoin-slump" rel="noopener noreferrer nofollow">$6.2 billion market cap,</a> trailing Bitcoin (<a rel="noopener noreferrer nofollow">BTC</a>), Dogecoin (<a rel="noopener noreferrer nofollow">DOGE</a>), Bitcoin Cash (<a rel="noopener noreferrer nofollow">BCH</a>) and competitor privacy coin Monero (<a rel="noopener noreferrer nofollow">XMR</a>).Magazine: <a href="https://cointelegraph-magazine.com/2026-pragmatic-privacy-crypto-canton-zcash-ethereum-foundation/" rel="noopener noreferrer nofollow">2026 is the year of pragmatic privacy in crypto: Canton, Zcash and more</a>

Foundry launches Zcash mining pool, notches 29% hashrate in first month

Cointelegraph

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