Acquiring Company
Cypherpunk Technologies
Acquired Company
Zcash
TorontoFinancial ServicesBlockchainCryptocurrencyDescription
Cypherpunk Technologies has acquired about 18% of Zcash’s mining power in a $33.33 million deal. This acquisition includes 4,902 mining machines and signifies a shift in Cypherpunk's strategy towards active Zcash production. With this fleet, Cypherpunk aims to increase its holdings of ZEC significantly. The deal involves a substantial equity cost and requires shareholder approval for further share issuance.
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Based on deal dataFrequently asked
Who acquired Zcash?
Zcash was acquired by Cypherpunk Technologies, based in Toronto. The deal was reported on August 18, 2026. Cypherpunk Technologies Inc. is a Delaware corporation involved in innovative technologies. The company was formerly known as Leap Therapeutics, Inc. and operates in various sectors including technology and finance. Cypherpunk Technologies is privately held and operates in Financial Services.
When did Cypherpunk Technologies acquire Zcash?
Cypherpunk Technologies's acquisition of Zcash was reported on August 18, 2026. Cypherpunk Technologies has acquired about 18% of Zcash’s mining power in a $33.33 million deal. This acquisition includes 4,902 mining machines and signifies a shift in Cypherpunk's strategy towards active Zcash production. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Zcash do?
Zcash is a privacy-focused cryptocurrency that offers users the option of shielded transactions, protecting sender and recipient information. The network utilizes advanced cryptographic techniques to ensure transaction privacy. It is privately held, operating in Blockchain.