TechFlow reports that on April 13, according to Fortune, Foundry—the leading Bitcoin mining pool—officially launched a new mining pool for the privacy coin Zcash. Mike Colyer, CEO of Foundry, stated that this move aims to address the growing institutional demand for privacy coins. The pool has already attracted several institutional miners, and its output now accounts for nearly one-third of all newly minted Zcash across the network.
Zcash implements transaction privacy via zero-knowledge proof technology while supporting selective disclosure to meet compliance requirements—making it more appealing to institutions than its competitor Monero. Boosted by this news, Zcash’s price has surged over 75% in the past 30 days, with its current market capitalization standing at approximately $6.3 billion. Foundry currently controls about 31% of the global Bitcoin hash rate, making it the world’s largest Bitcoin mining pool operator.
