the Winklevoss brothers and DCG founder increase their investment in Zcash mining and ETF expansion
BIBIBI
AT A GLANCE
The report said that the mining companies backed by the Winklevoss brothers and Barry Silbert are expanding their Zcash computing power and developing related ETF。
Article
Gemini founders, the Winklevoss brothers, and DCG founder increase their investments in Zcash, competing in the mining and ETF markets
BlockBeats reports that,October 23, according to a Bloomberg report,Gemini founder Winklevoss brothers and DCG founder Barry Silbert are Zcash ecosystem. Cypherpunk Technologies and Fortitude Mining, backed respectively by the two sides, have risen to become ZEC major mining companies and plan to invest tens of millions of USD to further expand their computing power.
Currently, Cypherpunk accounts for approximately Zcash of the entire network's computing power; 20%Fortitude said that after the latest batch of equipment is deployed, its share of computing power will also reach approximately 20%.
In terms of investment products,DCG Grayscale under August launched Zcash ETF in the United States, while the Winklevoss brothers submitted an application for Zcash ETF this month. As both camps increase their investments in mining and investment products simultaneously,Zcash computing power and token-holding concentration have also drawn greater attention.
Original link https://m.theblockbeats.info/flash/373415
Key points
01
BlockBeats said that the information came from a Bloomberg report.
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The report said that Gemini founders, the Winklevoss brothers, and DCG founder Barry Silbert are expanding into the Zcash ecosystem.
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Cypherpunk Technologies and Fortitude Mining, backed respectively by the two sides, have risen to become ZEC major mining companies and plan to invest tens of millions of USD to further expand their computing power.
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Cypherpunk accounts for approximately Zcash of the entire network's computing power 20%。
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Fortitude said that after the latest batch of equipment is deployed, its share of computing power will also reach approximately 20%。
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The report said that,DCG Grayscale under August launched in the United States Zcash ETF。
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The Winklevoss brothers submitted an application for Zcash ETF this month.
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The report noted that,Zcash computing-power and token-holding concentration has drawn greater attention.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This news mainly concerns two initiatives: first, supporting Zcash mining companies and increasing computing power; second, advancing Zcash related ETF products. Cypherpunk's current share of computing power is approximately 20%, while Fortitude claims it will also reach approximately 20%。
Why it matters to readers
If the expansion plans in the report are realized, the two mining companies may together control a relatively high proportion of the Zcash network's computing power;ETF the related actions may also increase market attention to Zcash. However, the evidence does not indicate how much actual capital or token demand these actions generated.
Beginners should focus on the actual share of computing power, whether the equipment has been deployed, and whether the ETF products or applications are supported by formal documents; do not interpret plans or applications as having already been implemented.
Risks and unknowns
The evidence provided is BlockBeats' account of a Bloomberg report and does not include the original Bloomberg article, company disclosures, or regulatory filings.
Fortitude's approximately 20%share of computing power depends on completion of the deployment of the latest batch of equipment; whether this has already been achieved cannot currently be confirmed.
“tens of millions of USD” does not specify the exact amount, investment timing, or source of funds.
Grayscale Zcash ETF the official product status and the regulatory records filed by the Winklevoss twins ETF cannot be independently verified based on the evidence provided.
Related Developments
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Evidence not provided Zcash specific data on token-holder concentration.
Related concepts
Computing Power
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