Foundry Digital, operator of the world's largest Bitcoin mining pool, has officially launched its Foundry Zcash Pool. The new pool has rapidly secured approximately 29% of the Zcash network's hashrate since its announcement in March.
This expansion marks Foundry's significant move into privacy-focused cryptocurrency mining beyond Bitcoin. Foundry CEO Mike Colyer stated the launch addresses a critical infrastructure gap for Zcash, emphasizing its commitment to the ecosystem. Zcash is noted for offering verifiable financial privacy on a transparent blockchain.
Alongside the mining pool, Foundry introduced Zcashinfo.com, a new block explorer designed for the Zcash blockchain. This tool allows users to review transactions and access ecosystem data, including mining pool statistics.
Zooko Wilcox, Zcash founder and chief product officer at Shielded Labs, welcomed Foundry's institutional credibility and long-term commitment, calling the mining pool and explorer valuable additions to Zcash's infrastructure.
Zcash (ZEC), a privacy-focused cryptocurrency launched in 2016, has recently experienced a notable price surge. Over the past month, ZEC has jumped 73%, reaching a price of $354.