Winklevoss-Backed Cypherpunk Launches Largest Zcash Mining Fleet

This is a notable blurring of the lines between public-market treasury strategy and direct control of network infrastructure: a Nasdaq-listed company isn't just holding a privacy asset, it's buying a meaningful slice of the hashrate that secures it. That gives Cypherpunk an unusual degree of influence over Zcash's economics and governance dynamics. The open question is whether concentrating that much hashrate in a single listed entity draws scrutiny over decentralization — and whether other treasury-style firms follow the same playbook.