Foundry Digital Zcash Pool Onboards Institutions, Commands 29% Hashrate.
Key Takeaways
- Foundry Digital officially launched its Zcash mining pool, with institutional clients already onboarded.
- The new pool has rapidly secured approximately 29% of the Zcash network's total hashrate since its March announcement.
- Alongside the mining pool, Foundry unveiled Zcashinfo.com, a dedicated block explorer for the Zcash blockchain.
- Foundry's CEO Mike Colyer highlighted the initiative as addressing a crucial infrastructure gap and fostering institutional trust within the Zcash ecosystem.
- The launch received endorsement from Zcash founder Zooko Wilcox, who noted the value of Foundry's commitment and new tools.
- ZEC has seen significant recent appreciation, rising 73% over the last month to $354, including a 42% increase in the past seven days.
Foundry Digital, a prominent operator of crypto mining infrastructure, officially launched its Foundry Zcash Pool on Monday, April 13, 2026. The new pool has quickly onboarded multiple institutional mining customers and has already captured approximately 29% of the Zcash network’s total hashrate since its initial announcement in March. This expansion marks a significant move into privacy-focused cryptocurrency mining for Foundry, complementing its existing dominance in the Bitcoin mining sector.
Foundry CEO Mike Colyer commented on the launch, positioning it as an effort to address a critical infrastructure gap within the Zcash ecosystem. Colyer stated, “The launch of Foundry Zcash Pool reflects years of building infrastructure that institutions trust and a responsibility we’re committed to living up to in the Zcash ecosystem.” He emphasized that Zcash offers "verifiable financial privacy on a transparent blockchain," an important contribution to the digital asset space.
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In addition to the mining pool, Foundry introduced Zcashinfo.com, a new block explorer designed specifically for the Zcash blockchain. This platform enables users to examine transaction details and access ecosystem data, including mining pool statistics. Zcash founder Zooko Wilcox, also Chief Product Officer of Shielded Labs, welcomed the developments. Wilcox remarked, "I'm happy that Foundry is bringing their institutional credibility and long-term commitment to Zcash. Their mining pool and their Zcashinfo.com explorer are valuable additions to Zcash's infrastructure."
Foundry USA Pool currently accounts for approximately 29% of all Bitcoin production among mining pools, according to data from Hashrate Index. The firm’s Zcash pool has already achieved a similar share on the Zcash network. This expansion coincides with a period of renewed value surge for the coin. ZEC, which was launched in 2016, experienced a substantial rally last fall, escalating from approximately $50 per coin to nearly $700 within a two-month timeframe. Although ZEC saw a decline in value alongside Bitcoin and other major assets in recent months, it has recently surged again, outpacing most other major cryptocurrencies while rising with the broader market. Over the last month, ZEC has climbed 73% to a current price of $354, with a nearly 42% increase occurring in the past seven days alone.
